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Spinoff: RENT

 
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mizzsandra00 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote mizzsandra00 Quote  Post ReplyReply Direct Link To This Post Posted: Feb 10 2014 at 9:29pm
Originally posted by Miss B Miss B wrote:

Originally posted by mizzsandra00 mizzsandra00 wrote:

Originally posted by Miss B Miss B wrote:

Originally posted by mizzsandra00 mizzsandra00 wrote:

If your renting and paying $1000 for a one bedroom in Chicago you're crazy.....My rent is 685......new everything hardwood floors free heat everything........before I pay over $800 Ill buy a house.....


Where? What neighborhoods? The only place I saw those prices were south side.


Yep out south.....which contrary to popular belief isn't all bad.......


No I know its not all bad. I actually got a lot of good advice about which areas were ok and which weren't. I was actually about to rent a condo in south shore, had applied and everything when the owner decided to keep trying to sell it.

I just knew that I wanted relatively quick access to the loop both driving and by train to give myself some options. Public transit from south side is tricky. And I'm new to the city so wasn't tryna gamble then be pissed off and bound by a one year lease.

Glad you got a good deal though!


oh you're not from Chicago....okay that makes sense....
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keepgrowing View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote keepgrowing Quote  Post ReplyReply Direct Link To This Post Posted: Feb 10 2014 at 9:42pm
Originally posted by atexaschick atexaschick wrote:

There are some cheap places throughout Texas also just not the area I live. There are some places I could get a 3 bedroom 2.5 bathroom townhouse for $780


Ya should have said this with my first post. There are plenty of affordable places in Houston, but not near my area. Houston is a big ass city so you'll find any type of condo or apartment or housing that you need. Just depends on the area.


Edited by keepgrowing - Feb 10 2014 at 9:43pm
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ModelessDiva View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote ModelessDiva Quote  Post ReplyReply Direct Link To This Post Posted: Feb 10 2014 at 10:47pm
Originally posted by HowardAlumAKA HowardAlumAKA wrote:

Originally posted by ModelessDiva ModelessDiva wrote:

Good thread.



In most north texas suburbs you could find a decent 1 bedroom in the 600's

A good one will cost you 700+





Hmmm where you lookin?

anywhere in the DFW metroplex

But i did say suburbs...not the city. You wont find those prices in the city.

You will have to do some extensive searching for a decent 600ish$ but it's not impossible


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carolina cutie View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote carolina cutie Quote  Post ReplyReply Direct Link To This Post Posted: Feb 16 2014 at 7:28pm
"A Record Number Of Americans Can’t Afford Their Rent"

Meltdown Affordable Housing

CREDIT: AP

Paying more than 30 percent of your income on rent is what experts call unaffordable. Yet the number of people who fall into that group has reached record numbers, according to a new report from the Joint Center for Housing Studies of Harvard University.

The share of renters who pay more than 30 percent of what they make on housing, or what the study labels “cost-burdened,” rose 12 percentage points last decade, reaching 50 percent in 2010. That includes 27 percent who face a “severe burden,” or in other words, pay more than half of their income on rent, a figure that rose 8 percentage points. Initial estimates show that there were a record 21.1 million renters who were cost-burdened in 2012.

The most recent data is for 2011, however, when 20.6 million people were cost-burdened and 11.3 million paid more than half what they made for housing. This problem falls heavily on low-income renters. More than 80 percent of those who made less than $15,000 in 2011 paid 30 percent of their income or more on housing, with 71 percent paying at least half. Given their tight budgets, these renters spend about $130 less on food, “a reduction of nearly 40 percent relative to those without [housing] burdens,” the authors write. “Housing affordability is thus clearly linked to the problem of hunger in America.” They also spend significantly less on health care and retirement savings.

It’s not too hard to figure out why so many struggle to afford rent. There is very little affordable housing available. These low-income renters who make $15,000 or less would have to find housing that costs less than $375 a month, yet the median monthly cost for housing that was built in the last four years is more than $1,000. Less than a third of those units rents for under $800, and a mere 5 percent go for less than $400. There were just 6.9 million housing units that these renters could afford in 2011, but there are 11.8 of these renters, and to top it off, 2.6 million of the affordable units are occupied by higher-income people. The availability of low-cost housing has been declining for decades — in 1970, there was an actual surplus of 300,000 low-cost rental units, but by 2011, there was a shortfall of 5.3 million units.

Unemployment also exacerbated the situation, although the report notes that “high unemployment rates are not the main culprit because the spread of burdens has been even greater among households with full-time workers.” Three-quarters of renters whose household heads couldn’t find a job in the previous year had a housing cost burden. But the share of those who were burdened while also working throughout the year before rose nearly 10 percentage points from 2001 to 2011, reaching more than 2.5 million people.

Meanwhile, federal subsidies to help low-income people afford housing have been hammered by budget cuts and are far from reaching everyone who needs help. One quarter of the households who are eligible for rental assistance actually gets it given the high demand that puts many on lengthy waiting lists. That problem got even worse this year thanks to sequestration, as some people who had finally moved off the waiting lists got their vouchers snatched back because of the automatic budget cuts. Between 40,000 and 65,000 fewer people will have gotten assistance this year compared to last, and if the cuts remain in place next year somewhere between 125,000 and 185,000 additional people will lose the support. Yet housing subsidies kept 2.8 million people out of poverty last year.

The inability of so many to afford rent has pushed many into homelessness. Almost half of the country’s homeless population works but doesn’t make enough to pay for housing. While there has been a decline in the numbers nationally, on any given night there are more than 600,000 homeless people, according to government data, and some of the most populous states actually saw big increases. The number of homeless students reached a record last year at 1.1 million.

Yet sequestration is also hurting the services that help the homeless. The Department of Housing and Urban Development estimated that more than 100,000 homeless and formerly homeless people would be removed from programs thanks to the cuts. Instead of pulling back on all of this investment, a way to fight homelessness would be for Congress to support the creation of more affordable housing by providing financing through the Federal Housing Administration, Fannie Mae, and Freddie Mac.

http://thinkprogress.org/economy/2013/12/09/3037221/record-affordable-rent/
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SamoneLenior View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SamoneLenior Quote  Post ReplyReply Direct Link To This Post Posted: Feb 16 2014 at 8:04pm

smh
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jonesable View Drop Down
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Post Options Post Options   Thanks (4) Thanks(4)   Quote jonesable Quote  Post ReplyReply Direct Link To This Post Posted: Feb 16 2014 at 8:38pm
America seriously doesn't give a damn.

Reading that is disheartening .

Now we have to add the working homeless to stats.
America has too much money for this ish.


Washington needs a shakedown
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carolina cutie View Drop Down
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Post Options Post Options   Thanks (2) Thanks(2)   Quote carolina cutie Quote  Post ReplyReply Direct Link To This Post Posted: Feb 16 2014 at 8:56pm
^That working homeless stat made you stop too, huh?

Those stats in general just made me smh.

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Az~Maverick View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Az~Maverick Quote  Post ReplyReply Direct Link To This Post Posted: Feb 16 2014 at 9:23pm
It's hard when you gotta work your ass off JUST to pay the rent. 

"Murrica. Sleepy


Edited by Az~Maverick - Feb 16 2014 at 9:26pm
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carolina cutie View Drop Down
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Post Options Post Options   Thanks (2) Thanks(2)   Quote carolina cutie Quote  Post ReplyReply Direct Link To This Post Posted: Feb 16 2014 at 9:34pm
What's sad is that people still think those that are struggling are all lazy and 'deserving poor'.


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Post Options Post Options   Thanks (0) Thanks(0)   Quote sexyandfamous Quote  Post ReplyReply Direct Link To This Post Posted: Apr 13 2014 at 4:04pm
L.A. is an expensive city. My 1 bedroom apartment's rent is $1260,25 (yes, mofos are charging me 25-motherf*cking-cents too) and it does not have closed parking, no security cameras, no elevators (only 2 floors, 9 apartments), but it has a grill that I want to throw away because my neighbor uses it a bit too much imo.

I think my rent is at the market level.
In Santa Monica you'll find the same thing for $1500+ and the apartment is smaller than mine.
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