The Places in America Where Most Income Goes to Rent • Hacker News Board

Re: The Places in America Where Most Income Goes to Rent

#151

Post by gumby » Thu, Aug 09, 2018, 4:14 PM UTC

Balero wrote: post #150

gumby wrote: post #147

Earlier quoted context omitted.

>That norm [young family with one breadwinner] is quickly going out of style at least Not convinced: "Among married-couple families with children, 96.8 percent had at least one employed parent, and 61.1 percent had both parents employed" -- https://www.bls.gov/opub/ted/2017/employment-in-families-wit...

So the norm for a young family is to have two breadwinners by your stated data.

It's above the majority, but "norm" seems like it implies a lot more, like at least 2 sigma....sorry if it sounds like I'm splitting hairs here.

Re: The Places in America Where Most Income Goes to Rent

#152

Post by guiomie » Thu, Aug 09, 2018, 4:45 PM UTC

opportune wrote: post #98

guiomie wrote: post #95

When I see CFO/CTO with salaries of 171k, I do not know what to think. Is the term CFO/CTO overused? For me a CTO/CFO is someone in a publicly traded company, and in those scenario they usually make in the millions.

Most companies are not publicly traded. Is the job/life of a CTO of a 15 person company different from one of a 15000 person company? Yes. But they are still a CTO, and it's not necessarily overuse to call them that.

I think it is, but I guess its a matter of opinion. I see someone using the CEO/CTO title of a 15 people operation as disconnected from reality, makes it seems like these people care about titles more than anything.

Re: The Places in America Where Most Income Goes to Rent

#153

Post by mikhailfranco » Thu, Aug 09, 2018, 7:13 PM UTC

yomly wrote: post #115

alkonaut wrote: post #110

Earlier quoted context omitted.

> A young family with one breadwinner That norm is quickly going out of style at least

How much of that is influenced by economic necessity? My wife would love nothing more than to raise the kids but making ends meet is proving a tough tradeoff

She has to work because most women work. Property is the bottleneck in the system, prices and rents rise to consume any surplus. If most women work, then prices and rents rise to the level only affordable for dual incomes. If one half of every couple stopped working, prices and rents would have to fall back to single-income affordable levels.

Re: The Places in America Where Most Income Goes to Rent

#154

Post by MrLeap » Thu, Aug 16, 2018, 10:09 PM UTC

megaman22 wrote: post #79

bobthepanda wrote: post #62

Earlier quoted context omitted.

Not on a single income, though.

Definitely doable if you're not in places where real estate has gone completely bonkers. There are lots of places where it isn't unreasonable to rent an entire house on a single income, even though most incomes there are fractions of a Bay Area salary.

I live 10 minutes from downtown Kansas City. I rent an entire house with an acre backyard for 700$ a month. I could have got more for less if I wanted to live slightly further away from family.