My Rent is Ridiculously High 😱😱😱(Are We Crazy???) | Summary and Q&A

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November 29, 2019
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Debt Free Millennials
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My Rent is Ridiculously High 😱😱😱(Are We Crazy???)

TL;DR

Justine discusses her high rent of almost $3,000 per month in San Diego and the reasons why she is comfortable with it.

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Key Insights

  • πŸ˜„ Justine's high rent is justified by her debt-free status and the ability to spend her income as she pleases.
  • πŸ‘Ύ The amenities, location, outdoor space, and separate bedroom in her apartment contribute to the higher rent.
  • βœ‹ San Diego's high rent prices are often attributed to the desirability of the city and are referred to as the "sunshine tax."
  • πŸ’¦ Justine is working towards saving for a down payment on a house while staying in her current apartment.
  • 🧑 Buying a decent home in San Diego requires a significant down payment and a high price range.
  • βœ‹ Justine advises being mindful of spending and evaluating the level of happiness and anxiety caused by high rent expenses.
  • 😷 Justine asks her viewers to share how much they would spend on rent if they were debt-free or without debt, considering their wish list for accommodations.

Transcript

yes my rent really is three thousand dollars a month well close to $3,000 a month hey what's up guys it's Justine with debt-free Millennials the channel to help you crush that and live a debt-free life if you are new to the channel click to subscribe so that you can learn how to eliminate that and start living the life that you truly love and that'... Read More

Questions & Answers

Q: Why is Justine comfortable paying such a high rent?

Justine is debt-free and believes in enjoying her income. She also values the amenities, location, and outdoor space that her apartment offers in San Diego.

Q: What factors contribute to the high rent in San Diego?

Living in a beautiful city like San Diego comes with a price tag, often referred to as the "sunshine tax." Factors like amenities, location, parking, and outdoor space also contribute to the high cost of rent.

Q: How does Justine plan to save for a down payment on a house while paying high rent?

Justine is working towards a $70,000 down payment for a house and plans to stay in her current apartment to continue building up her savings. She wants to be smart about buying a house and not go into it with financial strain.

Q: How does Justine justify the high rent compared to the median rent price in San Diego?

Justine believes that the value and happiness she gets from her apartment outweigh the high cost. Additionally, she doesn't have enough for a down payment yet, and decent homes in the area are priced at $650,000 and above.

Summary & Key Takeaways

  • Justine is paying $2,780 per month in rent, without including utilities or other living expenses.

  • She justifies her high rent by being debt-free and having the freedom to spend her income as she pleases.

  • Justine believes that the high rent is worth it for the amenities, location, outdoor space, and separate bedroom she gets in her apartment.

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