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Old 10-19-2012, 12:50 PM
 
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ATL among major metros struggling with "overall affordability" | Atlanta News & Opinion Blog | Fresh Loaf | Creative Loafing Atlanta
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Old 10-19-2012, 12:53 PM
 
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But then...

Atlanta No. 2 most affordable housing market


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Old 10-19-2012, 01:38 PM
 
Location: Kirkwood
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Quote:
Originally Posted by aries4118 View Post
I think my head is going to explode! Which one is right?
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Old 10-19-2012, 01:50 PM
 
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It is cheap to buy a house here, but the rentals don't seem that much cheaper than a lot of other cities.

My $1400/m rental here, in the same sort of location in Minneapolis, would be about $900/m. My apartment in Brooklyn was only $100/m more. (It was much smaller, but it is possible to live frugally in NYC, if you want)

According to this site: Commuting and Traffic Congestion Fast Facts | Clean Air Campaign, the average Atlantan spends $460 a month on fuel for their car. If you're making payments on the car, with insurance you could be spending $800 a month on your car. That's a lot of money for someone making 40-something grand a year.

There's not a lot of free stuff to do here. Piedmont Park and... hanging out at home? One thing that was very surprising when I moved here was the neighborhood pools that have waiting lists and $2500 membership fees.
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Old 10-19-2012, 02:02 PM
 
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Quote:
Originally Posted by rzzz View Post
It is cheap to buy a house here, but the rentals don't seem that much cheaper than a lot of other cities.

My $1400/m rental here, in the same sort of location in Minneapolis, would be about $900/m. My apartment in Brooklyn was only $100/m more. (It was much smaller, but it is possible to live frugally in NYC, if you want)

According to this site: Commuting and Traffic Congestion Fast Facts | Clean Air Campaign, the average Atlantan spends $460 a month on fuel for their car. If you're making payments on the car, with insurance you could be spending $800 a month on your car. That's a lot of money for someone making 40-something grand a year.

There's not a lot of free stuff to do here. Piedmont Park and... hanging out at home? One thing that was very surprising when I moved here was the neighborhood pools that have waiting lists and $2500 membership fees.

If I filled up once every week I'd only spend 250$ a month. I rarely have to do that though.
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Old 10-19-2012, 02:07 PM
 
Location: Kirkwood
22,150 posts, read 16,152,860 times
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Quote:
If I filled up once every week I'd only spend 250$ a month. I rarely have to do that though.
Quote:
According to this site: Commuting and Traffic Congestion Fast Facts | Clean Air Campaign, the average Atlantan spends $460 a month on fuel for their car. If you're making payments on the car, with insurance you could be spending $800 a month on your car. That's a lot of money for someone making 40-something grand a year.
I fill up once every 6 months. Monthly BreezeCard for 2 is $171. Although my house was more expensive being intown and close to a MARTA station. Its all about trade offs and what a person wants in a home.
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Old 10-19-2012, 02:07 PM
 
Location: Atlanta
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rzzz completely nailed it. Buying a house in Atlanta is cheap, but renting is not, and transportation is expensive. As the article states, we spend 63% of our income just to live somewhere and get around. And compared with other cities, there isn't much free stuff to do, for adults or kids. We don't have a nearby ocean or beach, which limits recreation a lot. You can only canoe on the knee-deep Chattahoochee so many times.

I too was shocked when I checked out the Lake Claire pool and discovered their exorbitant fees. There's the YMCA, but their schedule is not at all designed for working adults.
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Old 10-19-2012, 02:09 PM
 
1,250 posts, read 1,487,584 times
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Quote:
Originally Posted by rzzz View Post
It is cheap to buy a house here, but the rentals don't seem that much cheaper than a lot of other cities.

My $1400/m rental here, in the same sort of location in Minneapolis, would be about $900/m. My apartment in Brooklyn was only $100/m more. (It was much smaller, but it is possible to live frugally in NYC, if you want)

According to this site: Commuting and Traffic Congestion Fast Facts | Clean Air Campaign, the average Atlantan spends $460 a month on fuel for their car. If you're making payments on the car, with insurance you could be spending $800 a month on your car. That's a lot of money for someone making 40-something grand a year.

There's not a lot of free stuff to do here. Piedmont Park and... hanging out at home? One thing that was very surprising when I moved here was the neighborhood pools that have waiting lists and $2500 membership fees.
Also $1400 rent is like cream of the crop here. 1500 in NYC is likely a dump in comparison unless you are in a outer borough.

Lets not get not NYC taxes. There is a reason everyone doesn't live in NYC.
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Old 10-19-2012, 02:13 PM
 
Location: Kirkwood
22,150 posts, read 16,152,860 times
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Quote:
rzzz completely nailed it. Buying a house in Atlanta is cheap, but renting is not, and transportation is expensive
The rental market is soaring right now. Its the cause of all the speculation apartment towers in Midtown.
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Old 10-19-2012, 02:15 PM
 
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$1400 is not the cream of the crop for rentals in ATL. Nice 2BD places are renting for $1800 in Midtown, Buckhead, Inman Park and Downtown Decatur. If you know of a cream of the crop rental in any of those places for $1400, let me know!

I just threw out my personal situation for some data points. The article is talking about the average ATL person. I'm not even the average person here. That would be more like the guys who work at the office I'm consulting for, who make about $60K and drive from way out in the burbs somewhere, so their kids can go to better schools. If I was in their situation I'd be broke!
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