Today I found out that my rent will be increasing a minimum of $60 a month (with a new 12 month lease) or $95 a month (with a new six month lease). This is justified by the fact that my apartment "should" (in someone's mind) be rented for $1100 a month, so I am still getting a discount.
The thing is, there is no way there is enough demand for apartments in my building to justify $1100 a month. There's barely enough to justify what I currently pay, which I know is probably too much, but I love living within walking distance of my firm. My building isn't full, and it seems like everywhere I go there are "For Rent" signs.
This rent increase is predicated on one thing, and one thing only: people hate moving.
For example, I finally have everything in my apartment exactly the way I like it. My TV, my books, my desk, my bed, my couches, my decorations. It took me ten damn months to get this place in order. Plus, if I move, I will also probably have to hire movers* over Christmas, since my lease ends at the beginning of January.
But I really ... really ... hate the idea of paying more rent on an already-overpriced apartment.
So, I figure I could cancel my cable and continue living here.
Or move on principle, to an apartment that will almost certainly be cheaper.
Or, out of spite, buy a condo and stop throwing rent away. (Spoiler alert: I do not want the responsibility of home ownership, and am not entirely convinced that real estate is a good investment. This scenario is therefore extremely unlikely.)
Any thoughts you all have on this matter will be appreciated. I have until the end of the week (classy, apartment managers) to decide.
* My dad suggested, once again, that I call the Elders' Quorum President and ask for church help if I decide to move. Unfortunately, since I haven't been assigned a home teacher in going on eleven months, that seems like a dead end even before I begin.