3 ms·
> People consistently overestimate the cost of living in large parts of the US I'm sure there are parts of the US you can get by with less than $3 wage. I thin
by rjzzleep 6y ago
> People consistently overestimate the cost of living in large parts of the US
I'm sure there are parts of the US you can get by with less than $3 wage. I think out of the 600000 homeless people a fair share manages to do that without dying either. Doesn't mean you should.
> who was able to buy a condo in a decent school district in a major midwestern metro on ~$15/hr with prudent planning.
ok, sure but a lot of context is missing.
> It took her a long time
Is it paid off? How long will it take her to pay it off? If it is how did that happen? How much was the Condo. If not, what happens if she misses one payment?
- JamesBarney 6y agoMy wife sold a nice condo for 50k a couple years ago. It was to a single woman who'd never made more than $10 an hour.
- cptskippy 6y agoWhich is about right according to the 3x your salary equation. Not sure what market that's in but my partner paid $150k in 2004 for a condo just ITP of Atlanta behind a run down shopping center in a gentrified neighborhood, the neighborhood still ain't great but the condo today it's worth around $250k which would require you to make around $40 an hour.
- JamesBarney 6y agoIt was in Houston. It was in a suburb that wasn't great but wasn't crime ridden either.