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Boston rents are much higher than they should be (build more housing!) but $150k is still quite a lot compared to rents? For example, you can rent a 3br unit 1
by jefftk 4y ago
Boston rents are much higher than they should be (build more housing!) but $150k is still quite a lot compared to rents? For example, you can rent a 3br unit 10min from Harvard sq for $3700/month or in East Arlington / West Medford for $2800: https://www.jefftk.com/apartment_prices/#2022-08-18&3 https://www.jefftk.com/apartment_prices/#2022-08-18&3
- ch4s3 4y agoAt $3700, that's about 25% of someone's before tax income at $150K/yr, But your after tax take home in Boston would be something like $104K/yr. So you could do this and be left at $59,600 for all other expenses and savings. This is very doable with no children, debt, or other financial obligations, but you never know what someone's life circumstances are.