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Old 01-03-2018, 05:50 PM
 
Location: Ruidoso, NM
5,170 posts, read 4,731,643 times
Reputation: 4206

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Quote:
Originally Posted by UNC4Me View Post
If having insurance is a priority, people will find a way to pay $25 a month.
I thought the transition was ~$14k, just under MW? Below that you're on Medicaid, and above on Obamacare.

It's cheap, but you also need to pay ~$7k deductible before you see any benefit. It's kind of a joke for people with low wages and no money.

If think you might need medical care it makes sense to stay below $14k and get Medicaid. Then it's all free.
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Old 01-03-2018, 11:40 PM
 
Location: Washington state
4,680 posts, read 2,299,411 times
Reputation: 13648
Quote:
Originally Posted by lieqiang View Post

This comes down to the whole "need versus want' equation. People making very low income might want a newer car and lobster for dinner too, that doesn't mean they should manage their finances to get these things just because it sounds like something better.

Many other countries (and some US cities) it is far more common to have a roommate, yet we have people who believe it is some fundamental right to have living space completely to themselves as adults.
You know, there are Judge Judy videos on Youtube. You should watch them some time. Listening to the number of squabbling roommates suing each other will change your mind in a big hurry.

Quote:
Originally Posted by weiwuwei View Post
"yet we have people who believe it is some fundamental right to have living space completely to themselves as adults."

Average income in 1950 was $3300, median home price 1950 was $7300

2014 average income about $50k, average home price $190k-ish.

Wherever did they get THAT idea?!?
What Weiwuwei is trying to say is that if your salary to house price was the same ratio in 2014 as it was in 1950, your average income today would have to be $85,890 to afford it instead of $50,000 OR, if you're only making $50,000, your house should only cost $$110,606.00 .

Quote:
Originally Posted by ringwise View Post
For starters, I'd never expect a person to spend their entire working life in a minimum wage position. Who, other than the lazy, mentally or physically handicapped (who do deserve help), and "takers", can't increase their income in a 50 year career?
A better question might be, why do you think people who work 40 hours a week deserve to live in poverty? They're working.

Isn't that what everyone always wants to see? People working and pulling their own weight? You complain when they don't work and you complain when they do. There's no pleasing people like you.
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Old 01-03-2018, 11:55 PM
 
Location: Ruidoso, NM
5,170 posts, read 4,731,643 times
Reputation: 4206
Quote:
Originally Posted by rodentraiser View Post
A better question might be, why do you think people who work 40 hours a week deserve to live in poverty? They're working.
Lots of people like the idea of having a low paid servant class... so long as they aren't in it.
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Old 01-04-2018, 04:49 AM
 
64,542 posts, read 66,100,109 times
Reputation: 42983
Quote:
Originally Posted by rodentraiser View Post
You know, there are Judge Judy videos on Youtube. You should watch them some time. Listening to the number of squabbling roommates suing each other will change your mind in a big hurry.



What Weiwuwei is trying to say is that if your salary to house price was the same ratio in 2014 as it was in 1950, your average income today would have to be $85,890 to afford it instead of $50,000 OR, if you're only making $50,000, your house should only cost $$110,606.00 .



A better question might be, why do you think people who work 40 hours a week deserve to live in poverty? They're working.

Isn't that what everyone always wants to see? People working and pulling their own weight? You complain when they don't work and you complain when they do. There's no pleasing people like you.
a rough rule of thumb was housing should run about 2-1/2 times income . that has been the typical middle class lifestyle benchmark . it is way out of whack today in many areas.

based on median income in our area that rule can buy a co-op outside manhattan , but certainly not a house here . you can get a studio in manhattan so if a family you are out of luck
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Old 01-04-2018, 06:19 AM
 
Location: The Triad (NC)
26,840 posts, read 57,851,863 times
Reputation: 29235
Quote:
Originally Posted by mathjak107 View Post
a rough rule of thumb was housing should run about 2-1/2 times income .
Nope. That was the purchase price of YOUR home vs YOUR gross income.
Median home price vs median household income in a city tracked close.

But neither of these were targets... they were the middle range of tolerable (affordable).
MANY managed to do it all at lower ratio levels.

Quote:
...it is way out of whack today in many areas.
Everything is out of whack today.
---

Too many people require too many bedrooms.
Lower demand and price per unit comes back into line.
Building more bedrooms doesn't really solve anything.
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Old 01-04-2018, 09:42 AM
 
33,046 posts, read 20,714,185 times
Reputation: 8928
Quote:
Originally Posted by MrRational View Post
Nope. That was the purchase price of YOUR home vs YOUR gross income.
Median home price vs median household income in a city tracked close.

But neither of these were targets... they were the middle range of tolerable (affordable).
MANY managed to do it all at lower ratio levels.

Everything is out of whack today.
---

Too many people require too many bedrooms.
Lower demand and price per unit comes back into line.
Building more bedrooms doesn't really solve anything.

Sure it does. I just moved out of a 3BR house with 11 people. We could have stuffed 20 into a 6BR house.
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Old 01-04-2018, 10:16 AM
 
Location: The Triad (NC)
26,840 posts, read 57,851,863 times
Reputation: 29235
Quote:
Originally Posted by freemkt View Post
Sure it does.
No it doesn't. All that does is 'kick the can' of overpopulation down the road a bit.

It might help YOU personally this week...
but you could help yourself even better if you just ever decided to do that.

(look into any of the other 1000 threads you have on the topic for suggestions)
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Old 01-04-2018, 10:32 AM
 
Location: Formerly Pleasanton Ca, now in Marietta Ga
4,111 posts, read 3,402,459 times
Reputation: 5633
Quote:
Originally Posted by freemkt View Post
Sure it does. I just moved out of a 3BR house with 11 people. We could have stuffed 20 into a 6BR house.
And why not 22 ?
Twice the bedrooms, twice the people
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Old 01-04-2018, 12:23 PM
 
33,046 posts, read 20,714,185 times
Reputation: 8928
Quote:
Originally Posted by MrRational View Post
No it doesn't. All that does is 'kick the can' of overpopulation down the road a bit.

It might help YOU personally this week...
but you could help yourself even better if you just ever decided to do that.

(look into any of the other 1000 threads you have on the topic for suggestions)

But the 3BR house would still be overcrowded.
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Old 01-04-2018, 12:24 PM
 
33,046 posts, read 20,714,185 times
Reputation: 8928
Quote:
Originally Posted by aslowdodge View Post
And why not 22 ?
Twice the bedrooms, twice the people

10 ppl in the house plus one in an RV in the driveway. 6 in the bedrooms, 3 in the garage, 1 in the living room.
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