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Reply to "How much money do you give your new college grad a month to get started?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My parents paid my deposit and one month's rent (which had to be paid with the deposit) for my first apartment (which was a room in a group house - nothing fancy). That was a huge help but then nothing else. [/quote] That’s considered one of the biggest barriers for homeless people to find homes. Often it’s 1st mth, last mth, deposit and in NYC a fee [/quote] Umm…what fee? There is not some mandatory fee in nyc (New Yorker here) and there are plenty of no broker buildings that are run by reputable management companies (Google “two trees buildings”), but you do need to pay federal, state, and *city* taxes on what you earn…which is a lot of $$ coming out in an already high cost of living area. [/quote] When Iived in Boston, it was hard to find a no fee apartment. And even without a few, some apartments ask for first and last month's rent up front plus a one month deposit. [/quote] That's typical Boston. Just check out any college parents FB page and you will realize renting in Boston is expensive, fees are high and everyone charges it, so you have no options. [/quote]
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