We're quite happy where we live now, all things considered. It's a small two-room apartment, but it's a place we knew in our hearts when we saw it that we wanted to call it home.
Living so close to NC State, there is a massive influx of college students, and pretty much all of the construction around here are for dorm-like off-campus living complexes. They're doing well to advertise here, and I'm sure they have big campaigns abroad to garner tenants. As a businessman, I commend them for how successful they are at providing nice shelter for young folks in our town.
From a tenant's perspective though, those apartments were just terrible. Studio apartments run about $1500, and more bedrooms makes it progressively cheaper because you'll be sharing them, just like a dorm. We pay about two-thirds of that for a 1-bedroom apartment that we keep to ourselves.
It's not just the cost of living that makes us love this place, as farther east there were places priced similarly that we were courting. It's an apartment building renovated out of a luxury single-dwelling home, that the owner bought in the early 2000s and split up into three units to rent separately. We know him personally, and he's just a small-time realtor nearing retirement age, making money on his own terms and doing things himself.
Farther down, there's a big community centre with a nice park and an olympic-sized swimming pool. The hotshot apartment complexes advertise it as an amenity, but we're closer to it than they are. Some day, we'd love to buy this place from him and rent it out ourselves, depending on how things work out.