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Reply to "Summer of 1999"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Housing was expensive then too. People like making excuses for the lazy. [/quote] Not like today. Back in the 90s I worked a series of crap jobs and I was able to afford to live in nice neighborhoods in Boston and San Francisco. The studio apartment I rented back in 2000 for $750 a month now goes for $3500. Incomes have not increased anywhere near that level in the last 20 years. [/quote] Exactly. My friends and I rented an entire house for $400/mo in 1992-93. You can’t even get a studio for that now.[/quote] $400 in 1992 is $850 Today. You can rent a place for $850. Excuses. [/quote] NP you have to be so out of touch to think you can rent something for $850… a parking spot downtown starts at $300/month. Maybe $250 if you have a friendly neighbor who is willing to cut you a deal. In 2011 my DH and I were paying $2100 for a crummy English basement 1 bedroom downtown. Same unit is easily $2800 today. A 2 bedroom begins at $3000+. A 3 bedroom apt probably rents for $4000-$4500. This would be non-luxury units rented out by owners. However you splice that it’s $1500 a pop plus utilities on top (think electric $100/month split). That’s $20,000/year to be generous. How did you do that at 18 and go to school? Let’s say you have college loans too. Minimum wage is $16.5 in dc. You works a FT 40 hr/week job and that’s $34,320 before tax. Approximately $28,000 after tax. The math just doesn’t work out at the beginning. You need to get some savings under you. A few years of strategic decisions and you can get your own place. [/quote]
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