Stupid question . "Do you agree" with these numbers, or do you choose to instead go by your feelings of how the numbers ought to be, perhaps pick your own? Or perhaps would sir care to attack the study itself?
this post was submitted on 19 May 2024
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Housing Bubble 2: Return of the Ugly
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Depends. I think there's a lot context missing to make any good judgment. For the average of the whole state? Maybe. For what you need to be able to afford the minimum? No. $25 an hour is $50k gross a year. You can definitely get by with less if you're single, even around metro Atlanta. Toss in a kid and a spouse? That's probably about right. All it says is "household" though. Not an amount of people.
Move to some place more rural and you could probably get by with less.
I dont disbelieve these charts, I just wonder how clean the data is. Take New York for example, if you remove stuff overlooking central park in heritage listed buildings and so on, how much does the average improve?
Theres no argument that cost of living is absolutely fucked and only getting worse, but there was never a time in my life when I could afford a charming little apartment on the Champs-Élysées. I just REALLY cant afford it now.
18/ hour in Oklahoma. Yeah you could make that work. But you'll be living in a shit box apartment
This price is aiming at $1600 per month (if you work 8h, 5 days, 4 weeks) for the apartment, which is horrible, but there are plenty of options to be found at $1300 or less.
$1300 is $24 an hour
$1070 is $20 an hour
The rent situation is abysmal but not impossible as there are options for less than $1k a month
Not a bubble. This is the price of housing because the demand is there. This sub....
So you're agreeing there's a demand for >$30 min wage? If the supply and demand of basic human rights like housing causes its price to rise - so should wages, correct?
I might be very confused, but if a two-bedroom household requires ~$30/h, wouldn't that be ~$15/h each?
2nd bedroom doesn't necessarily mean 2nd income. Children, for example.
You shouldn't need a housemate to be able to afford to live somewhere
I agree, but the headline says household, which isn't very specific. This seems to be poor data representation IMO.
With two bedrooms? It would be nice if the average person could support a dependant, but I feel like the point would be made more strongly by showing that the average person can't even afford their own rent (which I assume is the case in many of these areas).
I don't mean the average person. If a person working full time has a dependent, and can't support them with reasonable accommodations, our society has failed them. For a single parent with a child this would mean two bedrooms
Yes, however, that’s just rent. No other expenses included
Wouldn't it make more sense to consider the income that can afford the rent as some % of expenses, rather than just doubling it?
If you have a roommate the price is halved. A 1 bedroom apartment isn't much of a discount. Last I checked a 2 bedroom apartment is (for example) $1,500 month. A 1 bedroom apartment is $1,350 month. Apartments have a bathroom, kitchen, living room, etc. It's not just the bedroom.
Most young people aren't married so no. And getting a roommate is risky too.
No it's not. Since the beginning of man kind the human race has been grouping up families as well as have the young men (because work and sexism) living together to reduce living costs.
The planet is as safe as it's always been and you have been brainwashed by the media thinking it's unsafe. Stop being afraid of your neighbor.
It's not really physical danger that's the issue, it's what happens when youre roommate can't make rent?