Rents Are Through The Roof >10% Over PrePandemic Levels; In 0 of 50 States Can a Minimum Wage Worker Afford Housing

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Mar 14, 2010
Everything is just expensive nowadays man. Everywhere you turn someone is trying to rip you off. You gotta make like 115k to live comfortably.

More people need to realize this but there are so many content, blinded and desperate people out here. Smh.

We’re not even talking about car payments, insurance, toiletries, food, etc. God forbid you have kids :lol: :lol: :lol:
 
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They just fd me on my lease renewal because they could. I pay too much here in Charlotte, but my place is so damn convenient, especially with back to the office here in a few months. Sucks because even as early as June my boy was being offered two months free, no longer. SMH

I feel bad for my boy in NY, he is paying under 2k for a studio in a luxury building in Brooklyn (pandemic pricing) Thats going all the way back to 2899+ lol
 
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18,792
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May 25, 2001
They just fd me on my lease renewal because they could. I pay too much here in Charlotte, but my place is so damn convenient, especially with back to the office here in a few months. Sucks because even as early as June my boy was being offered two months free, no longer. SMH

I feel bad for my boy in NY, he is paying under 2k for a studio in a luxury building in Brooklyn (pandemic pricing) Thats going all the way back to 2899+ lol
He better prescribe to Cash Jordan. Most of his videos about affordable apartments are in Brooklyn or sometimes LIC

 
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My old apartment that I moved into in 2017 went from $1580 to now a whopping $2050 for a 1 bedroom. I dipped last year after having the rent raised every year. Ish is ridiculous!
 

AZwildcats

Supporter
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Oct 31, 2009
House is just under 10 yrs old. It'd qualify for any type of loan, it was just hard to sell when I was still living in it then (plus I had a bad realtor working against my interests) in 2018 I decided to move to OKC so after a few months of paying mortgage on an empty house and her not letting me fire her, I told her just rent it and she had these people in a few days so it stopped that bleeding.

True, I'm only on site because we have some contractors coming out to install some equipment and they have to be escorted. But look at my new office. I don't even know what those 2 things over there are

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We have those phone booths in my office too. They look weird, but one of the only ways to get some privacy in an open office plan.

Thankfully I haven't stepped foot there since the pandemic started
 
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They're a 2 Army person household (I think E6 and maybe O1) paying WAY below current market rate for a sub 10 yr old home. They wont be on the street, their next house if they keep within a comp in same area, age, condition, will run them closer to 1800 or they can just buy mine when I sell it and mortgage will be like $1300-1400 right where they are now but they;ll own it.

But yea i see the juxtaposition and timing looks bad on me.
 
18,792
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May 25, 2001
2! And they got 2 kids so that's 2 w/ dependent2 BAH's, **** isn't coming out of their paycheck, even at 1800 they'd be in profit on their housing with bills (energy efficient certified, all electric).

Quick googles- this copy and paste was a travesty

E6
[TABLE]
[TR]
[TH]

2022 Basic Allowance For Housing In FORT SILL/LAWTON, OK

[/TH]
[/TR]
[TR]
[TD]With Dependents$15,444.00 per year
$1,287.00 per month[/TD]
[/TR]
[/TABLE]
+
O1
[TABLE]
[TR]
[TH]

2022 Basic Allowance For Housing In FORT SILL/LAWTON, OK

[/TH]
[/TR]
[TR]
[TD]With Dependents$13,284.00 per year
$1,107.00 per month[/TD]
[TD]Without Dependents$10,944.00 per year
$912.00 per month[/TD]
[/TR]
[/TABLE]

Also highkey that's a ****ty BAH, the single and the with dependents. I guess they get TriCare free though, but even in cheap *** Oklahoma $1100, but if it was me and it was an option I'd just take housing on base
 
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8,442
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Dec 19, 2008
Put in Fairfax, VA in rent.com just for ****s and giggles since I know some people on my team are there. Yikes. Cheapest 2br is $1800
Wife and I paid $1900 for a 700 sqft basement apartment in Capital Hill. When the shut down happened we got out the rent game and bought in NW DC.

I honestly think its about choices we make in life. I joined the Navy out of High School, served 6, got out went to school on the GI Bill. With my GI Bill, disability and employment (for the first 2 years), I made at least $40k a year which more than enough in Houston. Even with the GI Bill, I applied for every scholarship offered.

I parlayed my service into a Fed job. Started at $40k in 2014 now, I pull 6 figures. Wife still makes more than me not counting my military disability. We both want new cars and are saving to pay cash in 2023.

My journey was not an easy one, many sacrifices had to be made, but I was working towards the future.

Life is a game and you gotta be able to play.
 
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Wework cofounder and former CEO bought stake in 4000 apartment complexes. 2 former Wework executives are working with him...
 
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I signed my lease for my new apartment in November. Same apartment would cost me an extra $200 a month right now.

It's sick.
 
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Mar 29, 2001
Wife and I paid $1900 for a 700 sqft basement apartment in Capital Hill. When the shut down happened we got out the rent game and bought in NW DC.

I honestly think its about choices we make in life. I joined the Navy out of High School, served 6, got out went to school on the GI Bill. With my GI Bill, disability and employment (for the first 2 years), I made at least $40k a year which more than enough in Houston. Even with the GI Bill, I applied for every scholarship offered.

I parlayed my service into a Fed job. Started at $40k in 2014 now, I pull 6 figures. Wife still makes more than me not counting my military disability. We both want new cars and are saving to pay cash in 2023.

My journey was not an easy one, many sacrifices had to be made, but I was working towards the future.

Life is a game and you gotta be able to play.

QFT...I thought I wrote my lifestory almost.
 
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Jul 18, 2012
Who's in?

Would you take free land in rural America?​


In the midst of a national housing shortage, towns on the Kansas plains are giving away free land and ultra-cheap houses. Is the offer worth it?​


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Sitting in the basement of a historic courthouse in Lincoln — a wind-swept town in north central Kansas — Bradley Roberts laughs while comparing his current situation to his previous life in San Francisco.
Roberts was like many people in the Bay Area: Savvy, successful, and drowning in housing expenses. When he bought a house ~15 years ago, he and his partner went $300k over their budget. Rent at his last place in San Francisco was nearly $4k a month.
“It was awful,” Roberts, 50, told The Hustle.
Roberts, whose grandparents were from Lincoln, bought a converted barn home in the middle of town last year for $22k. His annual housing costs in Lincoln are about the same as what his monthly housing costs were in San Francisco.
“When I moved to Kansas,” Roberts said, “I was like, ‘holy ****, they’re giving stuff away.’”


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In Kansas small towns, the houses are cheap, with quality homes going for $100k and fixer-uppers costing far less. Land, a commodity over which NIMBY battles rage throughout the country, can actually be obtained for free in several counties.
The downside to living in rural Kansas, of course, has always been economic opportunity. High-paying jobs don’t grow as easily as the milo.
But price-conscious urban dwellers have been drawn to places they never thought they could live. After a year of soaring real estate prices in every city and suburb, long-depressed and depopulated Kansas is going through a lower-key real estate boom of its own.


“It always used to be the case that we said there’s a big difference between what’s going on in the larger cities and the rural areas,” said Stanley Longhofer, a professor and founding director of the Wichita State University Center for Real Estate. “And the answer now is not as much. It really is kind of across the board.”


Are the Great Plains the greatest option left for an affordable lifestyle? And can small towns reverse the market forces that have long made them financially risky and undesirable?


During my visit, Gourley showed me the ultimate real estate bargain: an olive-green Dutch Colonial house with, an ad states, “enough woodwork to cause anyone to swoon.” It’s a fixer-upper but not beyond repair.

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The price tag: $0.00.


The only catch is the house must be moved. But the free lots are just down the street. A buyer could put the free house on a free lot.


There’s more: One of the grants Gourley secured can be used on the house, meaning income-eligible buyers could get $30k to spend on renovations.


As of last week, the house was still available. It could be yours, if you’re willing to have someone pay you to take it.






 
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