ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Woman Reveals How Her House Rent Jumped by $800 in 3 Years in Boston

She acknowledged that she loved Boston but couldn't help but wonder if paying such exorbitant rent was worth it.
PUBLISHED APR 24, 2024
Image Source: Woman reveals exorbitant house rent in Boston |  @kaitmurray_ | TikTok
Image Source: Woman reveals exorbitant house rent in Boston | @kaitmurray_ | TikTok

Rents in Boston are so absurdly high that people are beginning to question whether it's a joke but it's no joke, folks. Rent in Boston is sky-high just like in New York and San Francisco. Are you looking to spend less than $2000 on a respectable one-bedroom apartment? You might as well go unicorn hunting! Consider the case of Kait Murray ( @kaitmurray__ ). Her rent increased by nearly $800 in a matter of years. She's now paying a whopping $3,400 a month for a studio apartment.

Image Source: @kaitmurray_ | TikTok
Image Source: @kaitmurray_ | TikTok

In Murray's video, she kicks off with some seriously bad news: her rent is going up. "It's like when you're already feeling low, and then someone kicks you while you're down? That's what my leasing office did today. They were not playing nice." She mentions she's living in the Seaport district of Boston, which is one of the best spots in the whole city to live or work. “I live in Seaport. I understand that. I live in a high rise, I know it’s a luxury building. But it doesn’t justify what they’re asking for!”

Murray's rent was already a substantial $2600 in 2021. That was absurdly pricey for such a small studio flat, in her opinion. The rent she was paying increased to $2900 the next year. She was prepared to accept a second job as a dog sitter to make ends meet, but she was comforted by the fact that her friends lived in the same building.

The following year, though, her rent skyrocketed to $3100. She was ashamed of herself for taking on such a large payment, but she had to leave her friends behind. She acknowledges now that it was a really stupid decision.

Let's now discuss this year. The building where Murray lived dropped a bombshell: $3444 was the asking price for her little 350-square-foot flat! That's an astounding jump of 30%. After doing some fast math, Murray concluded that she would be paying the bill for a $120-per-night hotel stay for the ensuing year. She acknowledged that she loved Boston but couldn't help but wonder if paying such exorbitant rent was worth it.

TikTok users ( @sophie) really felt her pain, but one person joked that her situation sounded like the start of a cheesy holiday movie!

Image Source: @kaitmurray_ | TikTok
Image Source: @kaitmurray_ | TikTok

Users like @alexis cortez were still trying to process the shock of a studio apartment costing a whopping $3400.

Image Source: @kaitmurray_ | TikTok
Image Source: @kaitmurray_ | TikTok

Many folks suggested she look into living outside of the Seaport area, mentioning that other neighborhoods are cheaper and have more character.

Image Source: @kaitmurray_ | TikTok
Image Source: @kaitmurray_ | TikTok

Another user chimed in, saying it's not just a Boston problem but a city-living problem in general.

Image Source: @kaitmurray_ | TikTok
Image Source: @kaitmurray_ | TikTok

But with such a steep increase in rent, Murray was weighing her choices, thinking about other cities. "Do I pack up for New York, maybe land a gig with a big-name company? Or head to Chicago, Charleston, or Austin—places where I can afford to chase my dream of starting my own business?" But even with all her complaints, Boston still had her heart. "I've never felt this way about any other city. Summers here are just magical—I never want to leave!"


@kaitmurray_ Is anyone else’s rent increasing astronomically? Also 28 is the most confusing age ever #boston #seaport #20s #chicago #cinci #decisions #budgeting #needadvice #newyork #jobsearch ♬ original sound - Kaitlin Murray

 

Follow Kaitlin Murray (@kaitmurray_) on TikTok for more such content and videos. 

MORE ON MARKET REALIST
She had won more than $30,000 leading up to the Bonus Round, which was a great feat.
2 hours ago
The bird's stock in the US is the lowest of the last 40 years thanks to a deadly avian flu.
7 hours ago
The company claimed that there were concerns about physical safety with the bottles.
8 hours ago
Currently, arguments about the legality of the President's tariffs are being made and heard.
8 hours ago
She composed herself just well enough to be able to thank host Drew Carey after her big win.
9 hours ago
The contestant was flexing his muscles and the host might have taken offence at that.
10 hours ago
A lot of people would have wanted to swat the creature had it sat on their bodies out of fear.
12 hours ago
The 1979 contestant had won a car during her time on the show, but her student failed to do so.
13 hours ago
The company has issued an apology in a statement for the inconvenience caused.
1 day ago
Michael Burry made a return to X with a cryptic message warning against the 'AI Bubble'.
1 day ago
The host had no idea what the contestant was saying until he cleared it up.
1 day ago
Ryan Seacrest was surprised that the contestant was able to get it right so quick.
1 day ago
The creator claimed that it was all part of a bigger business model that got the bigger brands paid.
2 days ago
The group received massive backlash on social media from the show's fans for their trouble.
2 days ago
The two had become close friends during their time on the show, which saw Jennings become a legend.
2 days ago
The contestant had seemingly broken a few things that belonged to her father in her younger days.
2 days ago
At a price of just $4.99, the rotisserie chicken is one of the most popular Costco items.
3 days ago
The audience member let out a large cheer when a contestant said what an ex could teach a wife.
3 days ago
McMillon did not say that there were going to be layoffs, but that has been the theme at other places.
3 days ago
Most shoppers are aware of Costco's warehouse stores but that's not all they have.
4 days ago