[PhillyRising]

Originally Posted by UrbanRevival

Again, though, it's 2023. Real estate is much more expensive compared to even 5 years ago all across America, even many areas globally. 800K used to get you an ultra-luxury "1%-er" type home as few as 10 years ago, but it's now just an upper-middle class price point.

This is especially true in pretty much all major metro areas. $2300/month also sounds pretty reasonable for a 2-BR in highly-sought Chester County. Comparably desirable suburban areas in other metro areas would cost at least 20% more.

I have noticed that the rents on available apartments in my complex are slightly down...not by much but down nevertheless. A unit in my building has been vacant since October.