A one bedroom where ? The issue of cost relativism is key. In low cost flyover country, mortgages can be cheaper than rent. This is why CAP [1] rates in Midd

A one bedroom where ? The issue of cost relativism is key. In low cost flyover country, mortgages can be cheaper than rent. This is why CAP [1] rates in Middle America are so attractive. 20 an hour would be fine for a one bedroom in many places in lower cost areas. I don't think 20 an hour will cut it in LA, SF, Seattle, Chicago, Boston, DC, or NYC, but you can always double up. [1] https://corporatefinanceinstitute.com/resources/knowledge/valuation/capitalization-cap-rate/ https://corporatefinanceinstitute.com/resources/knowledge/va...