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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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53668821 No.53668821 [Reply] [Original]

If 30% of your monthly income is supposed to be for rent, and most places in America are asking for $1,800 a month, then you need to be making $37.50/hour or $75,000/year gross. Since this is a /biz thread we know that taxes take around 25% or more; so one would need to make 100k per year to make 75k net. At the present rate of inflation of 6.5%, your net income of 75,000 would need to be increased to $85,284.38....
In short you're fucked if you make less than 75k..net

>> No.53668882

>>53668821
Yes, poor people are fucked this is nothing new. You are just realizing how many people are poor now.

>> No.53668895

>>53668821
my rent is 2000/mo and I make $65,000 year and my car payment is $670

>> No.53668899

>>53668882
>poor people are fucked
I laugh
>how many people are poor now
I cry

>> No.53668911

>>53668821
This is why poor people have lots of roommates or live with extended family.

>> No.53668939

I share a studio with 2 other guys for 1550 a month plus utilities. Could be worse I guess I could live in a major city that would cost way more. At least this is the only way I can afford rent and only have to work 45 hours a week to survive.

>> No.53668999

>>53668895
You make really bad life choices

>> No.53669019

>>53668821
Good thing I live in midwest, can rent 1 bedroom virtually anywhere at $1000 or less

>> No.53669021

>>53668821
I make 100k per year and live with a roommate paying 775/mo and 0/mo for my car which i bought for 2.5k, cash

>> No.53669095

Congratulations on detecting the collapse.

>> No.53669213
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53669213

>>53668821
I live with my parents, that alone makes me a privileged class.

>> No.53669222

Is 30% even an achievable goal in today's era? I always figured it was 50% given how everything is priced.

>> No.53669269

>>53669222
Get robbed

>> No.53669275

>>53669269
100 Checkems scheduled for deposit

>> No.53670757

>>53668821
Cool the antisemitism

>> No.53670781

It's 60% now, welcome to hell.

>> No.53670794
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53670794

>>53668939
>I share a studio with 2 other guys
>only have to work 45 hours a week
What do you do for a living? Shine shoes?

>> No.53670796

>>53668821
i make $100k a year and pay $1400 a month for rent. i feel like i'm getting scammed every time i pay mr. shekelberg. i live 5 minutes from one of the worst ghettos on the east coast. i have no idea how niggers and spics making $15-20/hour are doing it.

>> No.53670815

>live in the city
>get fucked
it was never a game

>> No.53670851
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53670851

>when boomers were young, renting a 1 room apartment in a shitty area was easy and low rent actually meant low rent
>rent was only 1/9th of income on average, meaning 'cheap' rooms could actually be as little as 1/20th
>on an income of 10k in 1973 you could have conceivably lived in someone's rapeshed for only 500/mo and kept the rest

>> No.53670893
File: 94 KB, 1000x727, 160424_Renter_Census_Data_Simple_Table_v3_Income_vs_rent_1960-2014_mh99uz.png [View same] [iqdb] [saucenao] [google]
53670893

>>53670851
don't worry, some leaded gasoline brain damaged boomer will say something about modern apartments having more amenities like a 7 year old, $500 dish washer, which justifies why you're paying 160% more for rent every month.

>> No.53670984
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53670984

>>53670893
I guess I can always pay just 1000 a month to live in someone's spare room like they're my dad except I'm an adult man and they're a stranger renting out their kid's room after they moved out because they either fell for the rent meme or have parents who actually gave them a little money after graduating instead of totally fucking them.

>>53670851
Meant 500/year which would be like 42 bucks a month kek.

>> No.53671007

>>53668821
>July 2019
>buy 2br from rich old lady
>house well kept, her daughter was renting it
>in good low crime area an hour drive from global known USA mega city
>pay $75000
>put $15000 down so no PMI
>30 year fixed, taxes and insurance in mortgage
>payment $530 a month
>six months later… coronavirus!! Lockdowns!!!
>everyone fleeing mega cities
>property values in area skyrocket
>house now worth $130,000
>see everyone talking about $1800 for rent
Feelsgoodman.jpg

>> No.53671030

>>53671007
>$130k house 1 hr from "USA mega city"
name the city or i'm going to assume you're delusional and defining kansas city, missouri as a "USA mega city."

>> No.53671045

>>53671030
Chicago

>> No.53671066

>>53671045
okay i can see that being realistic. i think chicago is an exception, and even within the city things seem reasonably priced. i live in the philly region and it's $300k for a starter house in a non nigger neighborhood within 1 hour of the city. maybe $250k if you can accept some niggers, or deal with living in one half of a twin house.

>> No.53671113

>>53671066
Those houses that seem reasonably priced probably have bullet holes in the walls if you know what I mean.

>> No.53671144

>>53668895
How do you live? Ramen?

>> No.53671167

>>53670851
500 a month is 2008 prices and is 6k at the end of the year where are you getting this retarded math from

>> No.53671170
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53671170

>>53668821
Sucks to be you poorfag. Lmao

>> No.53671211

>>53671167
I made a mistake, I meant 42 a month on a 10k a year income.

>> No.53671275
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53671275

>>53668895
I pay the same amount in rent, but make double your salary and bought my car with cash. How do you even pay for car insurance?

>> No.53671349

>>53670796
> live 5 minutes from one of the worst ghettos on the east coast.

brownsville? i'm also 5 min from there but i pay $1050 rent, get a backyard and basement.

>> No.53672081
File: 688 KB, 2106x1350, rent by county.png [View same] [iqdb] [saucenao] [google]
53672081

>>53668821
>most places in America are asking for $1,800 a month

lol

>> No.53672096

>>53671007
wow a whole 130k, you're living the high life anon

>> No.53672116

>>53671349
trenton nj

>> No.53672323

>>53671113
You can say “niggers”, anon.

>> No.53672781

>>53672081
Is that map like 10 years ago? The price it has for my area is the price it was 10-11 years ago. It is almost double now.

>> No.53672787

test

>> No.53672815

It’s supposed to be 30% pre tax which I never understood, why would pretax even matter for affordability?

Anyways I hear it’s even worse in most other countries and they survive so it must be fine

>> No.53672928

>>53672781
it's 2018 data, there are no maps after that with good visuals

you can find current data here: https://www.rentdata.org/states/2023

>> No.53673422

>>53670796

blue state gibs

>> No.53674924

>>53672116
>trenton nj

damn nigga at least NJ you need a car to get anywhere so that at least keeps the redguards redlined. you make $100k, find somewhere else in NJ if it's that big a deal.

>> No.53674945

>>53668821
I pay 200€ mortgage for 100m2 flat. Imagine continue calling us europoors.

>> No.53674949

>>53670851
anon, when boomers were in control america was 90% white, workforce lacked half of the population since women were stay at home moms, there were no H1B visa pajeets and wetbacks competing to keep wages stagnant and bidding up home prices.
Jews literally sold your country out from under you

>> No.53675236

>>53674949
>women had been working for decades in both world wars
>America was never 90% white
>they didn't lock down the southern border until like Nixon and migrant workers were just a fact of life in large swaths of the country

You rightwing fucksticks live in a weird made up fantasy land.

>> No.53675252

>>53668821
>poor people are fucked
What else is new?

>> No.53677395

>>53675236
>didn't get a (You)
Shame for you huh faggot.