Vail Daily letter: Housing’s still too expensive!
Vail, CO, Colorado
I’m writing today because I am so frustrated with the cost of housing in this valley even during this extremely difficult economic time.
I am a recently divorced woman with one child in elementary school. I’ve been in the valley for many years and I consider this my home. Moving out of the valley is not an option because my ex and I share custody of our child and we would have to agree to both move to the same area.
Now that I am on my own, I’ve found it very difficult to find affordable housing for myself and my child. I have a decent-paying job, but cannot justify spending half of my monthly income on rent, at least!
I’ve been looking for a place for at least two months and have not been able to find anything that is affordable according to my salary. Technically, your rent-mortgage should not exceed 30 percent of your salary.
It seems that the only options are to get a roommate or two, or get a second job. If not, your quality of life is sacrificed to pay rent and you become house-poor, and you can’t afford to do anything fun or spend money to put back into the economy or save any money for your future. So now you’re depressed and simply working just to get by.
I’m really surprised at how high the rental prices are. One-bedrooms and studios for $1,200?? That’s outrageous!
I understand that we are all struggling right now, and that the feeling of desperation is very daunting. But we should be trying to help each other out, not taking advantage of each other. My suggestion is f you have a rental property and are able to adjust your rental price according to a person’s income, do it. If you can lower your rental price in exchange for trades or services, do it. It’s a longshot, but a nice thought.