Mavric Posted July 14, 2017 Share Posted July 14, 2017 This is crazy. I knew there were variations. But I didn't realize it was this much. Quote Link to comment
zoogs Posted July 14, 2017 Share Posted July 14, 2017 I just saw that. (28% of Income) / 12 = monthly rent. Therefore the claim is that the following is 'needed' to pay rent in each city, rounding: SF: $4200 NYC: $3800 Boston: $3200 LA: $2600 DC: $2400 Chicago: $2300 Seattle: $2000 Philly: $1560 .. Dallas: $1200 .. Phoenix: $960 I don't know -- "needed" is rather vague. It seems like a good way to blow the variation out of proportion (at both the top and the bottom). But maybe not. Quote Link to comment
RedDenver Posted July 14, 2017 Share Posted July 14, 2017 I just saw that. (28% of Income) / 12 = monthly rent. Therefore the claim is that the following is 'needed' to pay rent in each city, rounding: SF: $4200 NYC: $3800 Boston: $3200 LA: $2600 DC: $2400 Chicago: $2300 Seattle: $2000 Philly: $1560 .. Dallas: $1200 .. Phoenix: $960 I don't know -- "needed" is rather vague. It seems like a good way to blow the variation out of proportion (at both the top and the bottom). But maybe not. I can confirm $4200 for San Fran area. My last company wanted me to move there, and I found another job instead. The prices and the traffic are insane. Quote Link to comment
Landlord Posted July 14, 2017 Share Posted July 14, 2017 I'm a damn magician being unemployed in Chicago for $600/mo rent. Quote Link to comment
Saunders Posted July 14, 2017 Share Posted July 14, 2017 I live in the North Tampa area, and prices are getting close to pre-crash numbers. We're not sure what we're doing long term, so we've been renting right for the past few years, and for our size home (2300sqft, 4 bed) prices have gone from about $1400 3 years ago, to $1900 or higher. Even a 2 bedroom apartment is no less than $1000 for anything that's not a dump. Quote Link to comment
teachercd Posted July 14, 2017 Share Posted July 14, 2017 I grew up in Chicago and it is insane. Best friend lives in LA and pays out the butt for a 1 bedroom apt. Lots of people looking to the SE now with "nice" weather and lots of land and cheaper houses. Quote Link to comment
BigRedBuster Posted July 14, 2017 Share Posted July 14, 2017 This is why a blanket minimum wage or living wage law is either impossible or very vomplicated to implement. I know people in central nebraska with much less income living in a nice 2-3 bedroom home. $15 per hour might sound ok in Seattle but not for central Nebraska. 1 Quote Link to comment
RedDenver Posted July 14, 2017 Share Posted July 14, 2017 This is why a blanket minimum wage or living wage law is either impossible or very vomplicated to implement. I know people in central nebraska with much less income living in a nice 2-3 bedroom home. $15 per hour might sound ok in Seattle but not for central Nebraska. Unfortunately, the states have been terrible at implementing it themselves. With several states going as far as to ban higher minimum wages in their own cities. Damned if you do, damned if you don't. Quote Link to comment
B.B. Hemingway Posted July 14, 2017 Share Posted July 14, 2017 Don't you guys watch house hunters?! This is old news! 1 Quote Link to comment
Ratt Mhule Posted July 16, 2017 Share Posted July 16, 2017 This is insane. Thank god for Omaha Quote Link to comment
huKSer Posted July 18, 2017 Share Posted July 18, 2017 So ... buy a home in Texas, dismantle it, ship it to NY and put it back together 1 Quote Link to comment
Nebfanatic Posted July 18, 2017 Share Posted July 18, 2017 What are the comparative taxes on those properties? (Hint:everything is bigger in ______) Quote Link to comment
NM11046 Posted July 18, 2017 Share Posted July 18, 2017 I assume you're being sarcastic, but I 'looked it up. 8.75 in Jamaica, NY and 8.25 in Fort Worth. But nobody on this board would be stoked about a $450k house in Jamaica NY. Quote Link to comment
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