How Much do you Need to Earn to Afford a Modest Apartment in Your State?
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Re: How Much do you Need to Earn to Afford a Modest Apartment in Your State?
#2Just get a roommate? When did a two-bedroom apartment become a human right? Housing costs are high, undeniably, but the real issue is the shit job market.
Re: How Much do you Need to Earn to Afford a Modest Apartment in Your State?
#3After looking at this for my home state - while thinking about the area I live in, I decided that it's more fair to say that this applies to large, populated cities. It'd be more interesting and relevant to do a rent breakdown by population density areas.
Re: How Much do you Need to Earn to Afford a Modest Apartment in Your State?
#4[deleted]
Re: How Much do you Need to Earn to Afford a Modest Apartment in Your State?
#5How has this changed over time?
Re: How Much do you Need to Earn to Afford a Modest Apartment in Your State?
#6Just get a roommate? When did a two-bedroom apartment become a human right? Housing costs are high, undeniably, but the real issue is the shit job market.
>> When did a two-bedroom apartment become a human right?
The title is "one-bedroom". Did you even read that far?
Re: How Much do you Need to Earn to Afford a Modest Apartment in Your State?
#7Just get a roommate? When did a two-bedroom apartment become a human right? Housing costs are high, undeniably, but the real issue is the shit job market.
>> When did a two-bedroom apartment become a human right? The title is "one-bedroom". Did you even read that far?
"In order to afford a modest, two-bedroom apartment in the U.S., renters need to..."
First paragraph.
Article does bounce between 1 and 2 bedroom apartments.
For what it's worth, apartments are often more expensive to rent in my area than houses.
Re: How Much do you Need to Earn to Afford a Modest Apartment in Your State?
#8Just get a roommate? When did a two-bedroom apartment become a human right? Housing costs are high, undeniably, but the real issue is the shit job market.
>> When did a two-bedroom apartment become a human right? The title is "one-bedroom". Did you even read that far?
But if you read further into the linked article (http://nlihc.org/oor), it talks about "two bedroom unit".
The original title of this submission "In No State Can A Minimum Wage Worker Afford A One Bedroom Apartment" is linked to an entire different link (http://www.zerohedge.com/news/2015-05-22/no-state-can-minimu...).
Edit: since the title of submission has been changed.
Re: How Much do you Need to Earn to Afford a Modest Apartment in Your State?
#9[deleted]
[deleted]
Re: How Much do you Need to Earn to Afford a Modest Apartment in Your State?
#10Given the explosion of interest in real estate from investors, I think situation going to get much much worse. I'm seeing houses going for 20% prices above asking prices, aggressive bidding wars, all cash deals - mostly from buyers who have no intent to actually live in those houses. If you search Zillow you will find tons of houses getting sold in 1 week and then immediately put back in market as rental properties. The rents are usually approximately set at 5% of house prices. This clearly means investors are considering real estate as something that has great returns while being well inflation protected. It's simply much better option that things likes long term CDs or TIPS etc. If this investment efforts are actually successful, most people - even in upper middle class - should expect to be able to only rent.