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Old 12-08-2016, 11:02 AM
 
Location: Alpharetta, GA
285 posts, read 159,808 times
Reputation: 237

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Quote:
Originally Posted by Atlwarrior View Post
Who cares about Alphie? Damn Midtown! The new epicenter for Georgia. The social, political, and economic power that will be coming from this area will be staggering in the future.
I think it's a little ignorant of a statement there, considering Alpharetta is virtually the IT epicenter of the southeast.
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Old 12-08-2016, 11:04 AM
 
Location: Alpharetta, GA
285 posts, read 159,808 times
Reputation: 237
Quote:
Originally Posted by tikigod311 View Post
I have had that same thought, who are these people? I work in the tech industry and other than executives, no one I know can afford this mess. It just seems like making well over 100k is assumed for anyone that wants to live in any new intown apartments. I mean, how much would it take to "afford" this place? 300k income seems like you would be stretching it.

I know 300k isn't rich, but its just surprising developers expect this much of a market for this income level.
The same, and even then, people who would be making enough to afford such a place, I could be wrong but I'd feel would then put their pennies towards owning instead of renting.

Then there's talks now of having rent control

Atlanta may seek waiver of state ban on rent control to curb soaring prices - SaportaReport
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Old 12-08-2016, 11:10 AM
 
Location: In your feelings
2,199 posts, read 1,492,348 times
Reputation: 2168
Quote:
Originally Posted by Stormhammer View Post
I think it's a little ignorant of a statement there, considering Alpharetta is virtually the IT epicenter of the southeast.
Sure about that? I just searched a job site, and nearly every big city in the southeast has more IT jobs posted than Alpharetta. Birmingham has about as many as Alpharetta does.
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Old 12-08-2016, 11:22 AM
 
9,918 posts, read 6,912,792 times
Reputation: 3022
Quote:
Originally Posted by Stormhammer View Post
Ah yes, clearly rent control has worked so well for affordability in places like NYC and SF.
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Old 12-08-2016, 11:46 AM
 
Location: Alpharetta, GA
285 posts, read 159,808 times
Reputation: 237
Quote:
Originally Posted by magnetar View Post
Sure about that? I just searched a job site, and nearly every big city in the southeast has more IT jobs posted than Alpharetta. Birmingham has about as many as Alpharetta does.
I suppose I should rephrase, a lot of large corporations have their IT setup here - particularly in banking and healthcare ( e.g. Fiserv, Jack Henry & Associates, E*Trade, McKesson, etc )

Also, job searches I take with a grain of salt, the amount of times I've found a job position listed as "Atlanta" but actually be in a a city OTP is surprisingly common.

To put it into perspective, Alpharetta has 25% of the top tech employers in the metro Atlanta area, there's well over 600+ tech companies, and on the national average, 7x the tech job concentration, and 15+ enterprise and colocation data centers.

Alpharetta was actually named as the top healthcare IT city back in 2014 I believe (well ahead of San Diego and Nashville on the HCI 100 ), boasts one of the concentrations of tech companies in the nation, not to mention the ridiculous fiber connectivity it has.
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Old 12-08-2016, 02:16 PM
 
Location: Atlanta
376 posts, read 174,067 times
Reputation: 293
Quote:
Originally Posted by Atlwarrior View Post
If a 40,000 salary can get you a 200,000 home loan. I imagine a married couple of $120,000 or more income could support a midtown rental. I think foreigners and movie industry people could afford these rentals imo.
120K income nets you about 6K a month. A 3K/mo rental puts you at 50% of your income going to rent.
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Old 12-08-2016, 02:54 PM
 
362 posts, read 292,570 times
Reputation: 374
Quote:
Originally Posted by TheTravelinMan View Post
120K income nets you about 6K a month. A 3K/mo rental puts you at 50% of your income going to rent.
Rule of thumb is 25-30% of gross income should go to rent. 3k is 30% of 10,000 a month gross pay. Anything at 3k is gonna be a 2 bedroom anyways. So a couple could easily live in a larger 1 bedroom which I've seen running at 2000-2500 a month.
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Old 12-08-2016, 03:13 PM
 
Location: Atlanta
5,243 posts, read 4,384,003 times
Reputation: 2723
Wow, $2500 a month for a 2 bed just seems absurd to me, let alone a 1 bed.

This crap is going to push me right out to the suburbs
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Old 12-08-2016, 06:53 PM
 
9,918 posts, read 6,912,792 times
Reputation: 3022
Quote:
Originally Posted by tikigod311 View Post
Wow, $2500 a month for a 2 bed just seems absurd to me, let alone a 1 bed.

This crap is going to push me right out to the suburbs
Going for the $2.9/SF rent in Alpharetta?
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Old 12-08-2016, 10:07 PM
 
Location: City of Atlanta
2,576 posts, read 1,502,666 times
Reputation: 3383
Quote:
Originally Posted by jsvh View Post
Going for the $2.9/SF rent in Alpharetta?
Are there really that many suckers paying that to live in Alpharetta?
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