Senate Household Income in the U.S. (and elsewhere)

Cheapest 2br/2ba in Manhattan is $2300 right now, obviously no balcony, unfurnished, and probably 600 sqft. $1850 in Brooklyn, same deal. 1 at that price in Queens, then $2200 as next cheapest.

Basically, if you want public transportation (a must in NYC), the Bronx has the best values (if not neighborhoods/schools) at $1850 for a 1500 sqft apartment.

 

My son starts his job in New York end of July next year, this is good to know. He has a roommate lined up starting then as well. They plan to split the rent on a 2br/2ba place in Manhattan or Brooklyn. $2300 seems really cheap. I see a lot of places for $5500 and up.

 

Yes, I literally searched for "cheapest" and that's ultra-rare. I could rent out my apartment for, likely, $5500 - $6500 depending on the market conditions at the time. If he's where he interned, he should be "fine" especially with a roommate. Also, given the office location (being close to the E and M trains) that opens up a lot of Queens / Brooklyn areas as well, to keep costs down.

 

When I graduated with my MBA (GPA 3.8), the only salaried offers I could find were close to $30,000. But I don't think Orlando pays well in the business management field. Many companies here don't really look for degrees in their candidates so much as real-world experience. IIRC, Bob Eisner, former CEO of Disney, didn't attend college. Many of my former classmates immediately left Florida upon graduating with their MBAs, because of that very reason.

If I had stayed with my current company's management program, I would still be making less than I currently do, and I would be working many more hours per week. But I would have better insurance coverage and other benefits, I guess.

I'm currently back in school doing a pre-medical program. I'm paying out of pocket this time around, but I've also done more research on my intended field of study this time and medical seems like a very lucrative field.

 

that's a frightening amount of money, like twice the sum of my mortgage and property tax.

 

Yes, me too -- I couldn't afford that.

 

I guess people earning those high end Manhattan salaries need all the income inequality they can get just to keep up with the price of housing. Send tax cuts!

 

I better not put the price of the 2bd/2br place I'm staying in....

 

Oh, they're coming for you, son...

https://www.buzzfeed.com/bensmith/t...silicon-valley?utm_term=.jhE2JVOJ0#.comLpAxpQ

Your sweet, sweet tech money will be swallowed by the Washingtonian machine!

 

Yeah I'm well aware of the, uh, controversy of working for who I work for.

 

In Springfield, Illinois, a 2 bedroom apartment might cost as much as $750/month.

 

God, I hope Silicon Valley gets what it deserves.

 

A lot of money going into Vivec's pocket?

 

Sure, let's go with that.

 

My best friend lives in Silicon Valley. His one bedroom one bathroom studio apparently costs $3000/month.

He and his wife visited a couple weekends ago and she was surprised by how large and (relatively) cheap everything was in Orlando.

 

A couple friend of mine just moved into an aluminum garden shed in San Anselmo that cost over $1 million.

 

I can't tell if you're even being serious.

But speaking of sheds, another one of my close friends recently moved into a shed somewhere near downtown Orlando because she apparently couldn't afford rent anywhere else after losing her job last year due to an at-work protest of our governor.

 

Forget credit card debt, student loan debt is where it’s at. I’ve listened to three wonderful episodes of the Death, Sex and Money podcast about student loan debt, which in total is higher than credit card. Not only that, but it’s more than doubled (I think close to tripled) since the 2008 crash. It’s a mind-boggling trip along the road to finance ruin which continues at an amazing pace.

 

Like I said, my complex is the most affordable in the south Orlando area (without crossing over into Kissimmee). Most complexes around here charge $14-1600/month for a one bedroom/one bathroom unit and about $1800-3000/month for a two bedroom/two unit. It'll be more expensive the closer you get to Disney (the places that advertise "fireworks views" from their unit balconies). Rent also goes up annually. My rent went from $1200/month last year to $1300/month this year. Nothing changed, mind you. No new amenities or fresh paint or upgrades to the complex of any kind. The only justification was that the surrounding property values all went up.

Kissimmee is cheaper than Orlando, but then you're dealing with a kind of stigma similar to New York vs New Jersey.

 

hopefully that's largely exactly because of the crash, though we know it's also in part due to predatory practices of for profit colleges. People incentivized to stay in school and rack up additional debt rather than expose themselves to a terrible job market, people being unemployed and underemployed coming out of school and incapable of repayment, the difficulty of discharging student loan debt in bankruptcy.

 

The last data set for Germany from the World Bank shows a GINI of .31, which is markedly better than the US. What's your source?

If anything, Germany might be showing the effects of accepting a ~1mil strong population with no income and assets, but I think it's too early to have collated and assessed that data.

It's actually not, and this is eye-wateringly stupid, derivative copypasta that should be beneath you. But you're woke af, so it's about the backslaps and self-validation right?

I mean, we know there's an enrichment process. We know Chinese workers got richer which means the competitive advantage they had in labour costs is decimated, but sure, the rich wanted to make Jack Ma one of their own in advance.

Which is a problem with the worst country on Earth being full of evil c-words. Not globalisation.

Thanks, America, you're by far the worst arsehats we have on this planet.

Actual Aryans amirite?

lol @ not subsidising education. My masters cost $40,000. My partner has a Juris Doctorate, that cost $80k or so.

lol @ America.

The DSA approve!

Also, you guys know nothing about income to debt ratios in your country.You're merely at 100%. Come see me when you hit 200% nationally.