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Old 08-23-2019, 10:47 AM
 
919 posts, read 376,180 times
Reputation: 628

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Quote:
Originally Posted by bryantm3 View Post
Workforce housing is not $1100-$1200 a month in this economy. Try $400-$800. They are turning them into luxury apartments and trying to get government subsidies for it. And giving this story to higher income people so they don’t feel guilty about yet more people being kicked out of their housing to make room for “the creative class”.

Actually it is. Economy has literally never been better than it is right now. Unemployment at an all time low.
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Old 08-23-2019, 10:56 AM
 
Location: North Atlanta
5,508 posts, read 3,895,233 times
Reputation: 3011
Quote:
Originally Posted by citidata18 View Post
$400/month is Section 8 levels.
And otherwise virtually unfeasible without the developer taking a bath.
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Old 08-23-2019, 10:58 AM
 
3,801 posts, read 1,313,365 times
Reputation: 2565
Quote:
Originally Posted by Gulch View Post
And otherwise virtually unfeasible without the developer taking a bath.
Yep, unfortunately.

Not to mention, the NIMBYs would have a massive fit over Section 8 housing.

That's another reason why they must be disguised as "luxury" units.
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Old 08-23-2019, 11:10 AM
 
Location: atlanta
4,193 posts, read 4,917,169 times
Reputation: 3560
$40K is $3300 a month. What "working class" person makes $3300 a month? That's my entire family's income for the year. Y'all are really out of touch.
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Old 08-23-2019, 11:51 AM
 
3,860 posts, read 986,457 times
Reputation: 4404
Quote:
Originally Posted by bryantm3 View Post
$40K is $3300 a month. What "working class" person makes $3300 a month? That's my entire family's income for the year. Y'all are really out of touch.
$40k gross is different than taking home $40k in a year.

--------------------------------------------------------------

Monthly Gross Pay $3,333.33
Federal Withholding $303.83
Social Security $206.67
Medicare $48.33
Georgia $155.25
Net Pay $2,619.25
Check Date 08/23/2019
Gross Pay $40,000.00
Pay Frequency Monthly
Federal Filing Status Single
# of Federal Allowances 1
State for withholding Georgia
Total Allowances 1


--------------------------------------------------------------

This is just after total payroll taxes for a single Georgia resident making $40k/year. After this, consider:

- Are you not saving?

Renters might get approved with income that's 3X rent, but after taxes and socking away enough to get your employer match (often 6% of gross) that rent becomes more like 1/2 your take home pay for the month.
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Old Yesterday, 06:45 PM
 
Location: atlanta
4,193 posts, read 4,917,169 times
Reputation: 3560
so even if you're making 40K a year it's not really possible to afford to live in these units. the article itself even says it's for residents who are 80 to 120 percent of the area's median income in a generally affluent area of town; this is not "workforce housing", it's new apartments for middle class residents, using government subsidies that are supposed to be for the working class, who aren't really getting anything out of these subsidies.
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Old Yesterday, 07:01 PM
 
Location: Valdosta (Atlanta Native)
3,546 posts, read 3,114,210 times
Reputation: 2350
Quote:
Originally Posted by ronricks View Post
Actually it is. Economy has literally never been better than it is right now. Unemployment at an all time low.
What does this have to do with wages? Who cares that unemployment is down if people are making starvation wages?
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Old Yesterday, 07:24 PM
 
5,257 posts, read 3,391,196 times
Reputation: 3486
Quote:
Originally Posted by ronricks View Post
Actually it is. Economy has literally never been better than it is right now. Unemployment at an all time low.
No, it's not. It's at 3.7 right now. It's the lowest in 50 years, and just 0.1-0.2% below 2000, but it's not at an all time low. Also, there's much more to the economy than the unemployment rate, and I'd argue that the 60s saw a better overall economy for the masses. You know, back when a single working parent at a normal job could support a family.
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Old Today, 08:15 AM
 
919 posts, read 376,180 times
Reputation: 628
Quote:
Originally Posted by demonta4 View Post
What does this have to do with wages? Who cares that unemployment is down if people are making starvation wages?

Minimum wage jobs are not careers. They are not and were never meant to raise a family on.



Wages are actually rising despite what certain politicians want you to believe.



Quote:
The recent gains are going to those who need it most. Over the past year, low-wage workers have experienced the fastest pay increases, a shift from earlier in the recovery, when wage growth was concentrated at the top.

https://www.nytimes.com/2019/05/02/b...h-economy.html


In fact the new talking point because of all this is "Well, the economy is strong but it isn't working for everyone!!!!!!". When has anything ever worked for everyone? If you can't find gainful employment in current times you are either not trying or are vastly unskilled or uneducated or both.



Even convicted felons are finding jobs there are so many and not enough people to fill them.




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Old Today, 08:29 AM
 
1,851 posts, read 1,888,107 times
Reputation: 1701
If you are making $40,000 a year, and want to live in a big city, you need a roommate. Fact. Do young people today think they get their own private apartment? Serious question. In the 90s we lived crammed into places--I'm talking 7 people in a 3 bedroom. Same in the 70s and 80s: Laverne & Shirley, Three's Company, Bosom Buddies. If Tom Hanks can find a roommate so can you.
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