Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I can't say I am surprised in that regard. It is amazing on the coasts that there aren't more homeless with the rents what they are.
This guy at work was telling me that he was making $27 an hour in California but after taxes he was bringing home about $650/wk after health insurance and California taxes.
He said that out of $2600 he brought home that a 1 bedroom was about $1600/mo for an apartment.
I also talked to a guy when I lived in Las Vegas earlier this year who said when he moved to Los Angeles about a decade ago he was paying $600/mo and his rent by the time he left was $1500/mo
Even here in Phoenix with the massive influx of people rents have skyrocketed very rapidly. In the poorest suburb of the east valley in Mesa there are older apartments going for $900 a month with nothing included so that means water, sewer, cable, internet, electric all is added onto that and people from California see it as a huge bargain.
It is amazing the cost of apartment in many cities for just a class C, old, outdated apartment.
What used to be a starter apartment in many major cities is now what solidly-middle class single are renting in cities like Los Angeles and New York City.
well that's when it's time to downgrade to a studio so you can have more money left over. I had a one bedroom too and had to move once the rent starting going up like crazy.
Seems to be a major disconnect here -- article is saying that people are at risk of homelessness because they don't have an emergency fund, so the solution is subsidized housing and food stamps. That's some pretty tortuous logic. If you lose your job today and have an empty bank account the existence of government safety net programs isn't going to help you make your rent payment on the first.
Seems to be a major disconnect here -- article is saying that people are at risk of homelessness because they don't have an emergency fund, so the solution is subsidized housing and food stamps. That's some pretty tortuous logic. If you lose your job today and have an empty bank account the existence of government safety net programs isn't going to help you make your rent payment on the first.
That's why I try to have a emergency savings and emergency credit card.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.