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Spend half your income in rent !
serf
Member Posts: 9,217 ✭✭✭✭
It seems they know where to hit you on your meager salary now days!We need some more illegal immigrants to solve it right? The middle class is dead here in Amerkia! Bet on it! You baby boomers need to die off quickly,make some room for the new poor!
serf
http://www.consumeraffairs.com/news/many-cities-may-force-you-to-spend-half-your-income-in-rent-072215.html
Middle class hit hardest
Middle class families have been hit hardest by these high prices. People making $45,000-$75,000 who spent more than 50 percent of their income on housing increased by 72 percent in a 10-year period, from 2003 to 2013. People making $30,000-$45,000 have been hit even harder in the same time period, with a 69 percent increase in people paying more than half their income on housing.
serf
http://www.consumeraffairs.com/news/many-cities-may-force-you-to-spend-half-your-income-in-rent-072215.html
Middle class hit hardest
Middle class families have been hit hardest by these high prices. People making $45,000-$75,000 who spent more than 50 percent of their income on housing increased by 72 percent in a 10-year period, from 2003 to 2013. People making $30,000-$45,000 have been hit even harder in the same time period, with a 69 percent increase in people paying more than half their income on housing.
Comments
....We need some more illegal immigrants to solve it right?....
Not the illegals. We either need less politicians or elect much better ones than we now have.
or
quit bringing the illegals into this one it is the i want this now society i want i want i want verses the i can do without for now.
my wife and i paid for our first home before the age of 46 it took us 17 years to do it while raising 3 kids
guess what we never drove new cars,or had CC payments if we could not afford it we would save or do without.
People in cities such as NYC, Baltimore, Philly, Detroit, Camden, Boston, just to name a few an * about rent being high. Fact is, property taxes consume as much or more than ONE HALF of the rent!
Since the democrats control the press, the press covers up for the democrat party with a barrage or income inequality and class warfare rhetoric targeting landlords and blaming landlords for the high rent.
Sadly these low information morons continue to vote for the very same group of socialists and their ideology that is destroying their cities as well as their livelihood.
Just check out the property taxes in the big cities, especially those controlled by the socialist party.
People in cities such as NYC, Baltimore, Philly, Detroit, Camden, Boston, just to name a few an * about rent being high. Fact is, property taxes consume as much or more than ONE HALF of the rent!
Since the democrats control the press, the press covers up for the democrat party with a barrage or income inequality and class warfare rhetoric targeting landlords and blaming landlords for the high rent.
Sadly these low information morons continue to vote for the very same group of socialists and their ideology that is destroying their cities as well as their livelihood.
why do you think they allowed the housing market to go up, then crash ?
my property value went up, and my taxes went up 4x what it used to cost me, my property value went back down but my taxes did not
if most of the stupid middle class will quit living beyond their means they might be able to pay for their home before the term of their mortgage is due.
or
quit bringing the illegals into this one it is the i want this now society i want i want i want verses the i can do without for now.
my wife and i paid for our first home before the age of 46 it took us 17 years to do it while raising 3 kids
guess what we never drove new cars,or had CC payments if we could not afford it we would save or do without.
+100
While their numbers are large the population % of illegals might only be a blip on the screen. Add to that the fact they tend to stack people in like cord wood,
The true problem is of the peoples own making.
Case in point: A new hire we had at work. Three months on the job he moves he and his wife from an apartment that was $375 month, utilities paid, into a house that was $425 just for rent. Three months later he trades a car that's paid off for a new pickup. Next thing you know he's using that truck to haul furniture from RAC. Didn't take long before he was in the office asking the boss for a raise because he couldn't pay his utilities.
chollagardens: Reducing the number of poli-ticks might be an answer, but then again. We have the master wannabe, Pres, his butt buddy, VP, and each state has x number of representatives depending upon the number of districts within their state. The same goes for State level. I, for one, would not want to see Kansas dropped from four districts down to two. The change in demographics would have too great an impact on voting results.
What we need is to reign in the alphabet agencies and stop handing money to everyone and their brother standing around with their pockets turned out.
We lived a very nice life. We always had food on the table.
Dad bought us a 3 bedroom home and he drove a brand new 1965 Mustang.
He worked nights stocking shelves at a grocery store for years, we had health insurance and he accrued retirement benefits.
There was a time when a grown man working as a gas station attendent/mechanic was still honorable employment and he wasn't considered a loser by those better off than him, he was necessary.
Their are lots of reasons for lower wealth among the poor and middle class and living beyond ones means is only one of them.
Fact is regardless of how wonderful YOU were, inflation has effected most everything except wages. You can always find examples rare as they may be where a person saved a million as a janitor.
Another sad reality is that society dictates everyone including the trash man has to have at least a 4 year degree.
Instead of getting scholarships or paying for college while working, Americans have been lured with easy money.
Kids today are in debt far worse than any other time, when I was a lad you were never going to get what would have amounted to 20-30K inflation adjusted without a parent co-signing.
Today we let these kids get 100K in debt for school.
No matter how much they make they are starting out behind the eight ball.
A teacher with two Masters degrees starts out at 41K in SC, regardless of how high on the hog they live it is harder today than it was in my opinion based on experience and facts.
quote:Originally posted by chiefr
Just check out the property taxes in the big cities, especially those controlled by the socialist party.
People in cities such as NYC, Baltimore, Philly, Detroit, Camden, Boston, just to name a few an * about rent being high. Fact is, property taxes consume as much or more than ONE HALF of the rent!
Since the democrats control the press, the press covers up for the democrat party with a barrage or income inequality and class warfare rhetoric targeting landlords and blaming landlords for the high rent.
Sadly these low information morons continue to vote for the very same group of socialists and their ideology that is destroying their cities as well as their livelihood.
why do you think they allowed the housing market to go up, then crash ?
my property value went up, and my taxes went up 4x what it used to cost me, my property value went back down but my taxes did not
Agree
Government loves to screw property owners. Especially the leftist democrat governments. If government can't pass a property tax increase, government will reassess.
I actually fought back when they assessed a house for double what I paid for it and won.
Government also has the power to annex to increase revenue.
It is of my opinion any property tax increase should be voted on by property owners only. NO EXCEPTIONS. I could care less about government not having enough money. Government needs to live within its means like the rest of us.
Keep in mind far left democrats have a deep hatred for private property as their ideology determines property belongs to the state.
https://www.youtube.com/watch?v=LHFEcyUNBjg
We lived a very nice life. We always had food on the table.
Dad bought us a 3 bedroom home and he drove a brand new 1965 Mustang."
I remember very well that Dad made a little over $1K/month which was a pretty decent wage in the 60's out in the country. The folks had a new car every 4-5 years and bought a nice sized farm on that wage. Twenty years later, I was paid 4-5 times that and had to scratch to make ends meet and pay for a similar sized farm. Now, I can't even consider a new car or pickup on my retirement pay and farm land is RENTING for what I bought for in 1980.
Country is a mess. I cannot see for the life of me how some folks survive that work. Not sitting on the back ends collecting from the govt. but good folks with two incomes working. Most my tenants have low income paying jobs and just get by. Of course their rent isn't big city prices. I reckon they still have hope something will break or they are just happy the way they are. Food prices are crazy.
+1
Why doesn't everyone take Vice President Biden's advice and spend their way out of debt?
https://www.youtube.com/watch?v=LHFEcyUNBjg
Or pile on more debt, and leave someone else saddled as my ex prefers to do.
So renting with illegals and welfare recipients doing drugs has got to be a helluva way to raise children. This country is so stupid when it comes to having responsible and caring future citizens!
serf
https://encrypted.google.com/#q=wood+build+apartments+burn+fast+in+Texas&tbs=qdr:m