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There should be, but homeowners have vested financial and lifestyle interests in preventing that from happening.
The value of the property drives the price. I am not seeing what your solution is, except you want the government to force a property owner to sell at absurdly low prices, and the purchaser to build units and rent/sell and a maximum cost.
I am sure those that paid market rate will really love that, and love even better the "quality" tenants that would live there.
1) no one should be publishing private details like that
2) the "detail" is vague as it doesn't say gross or net (as so many other comments also don't)
and if net it doesn't mention what if any other contributions are being deducted (IRA, 401K, HSA, etc)
1) First of all, I can publish any details I want. I could put down my freaking SS number if I wanted to. You shouldn't try to police a thread that is actually booming with responses.
2. Second of all, the op said net, right, as in take home amount AFTER deductions and that's what I did. I believe the OP wanted a simple answer and I gave him that. If I would have given my gross amount, obviously those percentages would be lower.
The value of the property drives the price. I am not seeing what your solution is, except you want the government to force a property owner to sell at absurdly low prices, and the purchaser to build units and rent/sell and a maximum cost.
I am sure those that paid market rate will really love that, and love even better the "quality" tenants that would live there.
Nobody is trying to force anyone to do anything. I support ALLOWING property owners to sell fractions of their property in increments of mutual agreement of buyer and seller, subject to reasonable setback requirements.
A few years ago I did a little casual research and gained the impression that "moving out further" is NOT profitable for most renters because the increased transportation costs (dollars and time) tend to exceed the cost savings of lower rents.
Exactly. My car is 20 years old, I barely drive 3000 miles a year because I walk to work (or can take the bus). I really don't want to buy a new car until I have to - I've never had a car payment and I'm in my 40s.
I also would have to commute 30-40 minutes each way per day.
I live alone which is really the hindrance - if all I cared about was money I would house with strangers or with a husband I might not necessarily love :P
Plus I live 2 miles from my elderly parents - something important I notice more and more.
For the city I live in - you gotta pay if you want safety and quiet, low crime, etc.
Nobody is trying to force anyone to do anything. I support ALLOWING property owners to sell fractions of their property in increments of mutual agreement of buyer and seller, subject to reasonable setback requirements.
Actually, you are forcing residents in a neighborhood to live in a density that they find unacceptable.
The laughable part of all of this is that you actually, truly believe that you could have afforded to purchase the guest house you've been lamenting over for years and years.
We pull in $12,000 in cash every month after taxes, 401K and insurance, etc. Our mortgage plus property taxes and HOA is $3,200.
So around 27%
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