813
Minimum wage isn't survivable anymore (thelemmy.club)
submitted 3 days ago by to c/workreform@lemmy.world
202 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] 4 points 2 days ago (2 children)

I had an apartment that was 1200 a month in Southeast Michigan a few years ago. It was the cheapest two-bedroom around because it was pretty poorly maintained.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 4 child comments
    •
  • [–] 4 points 2 days ago (1 child)

    A decade ago, $1200 was a three bedroom house in my neighborhood. Today, it's $1400 for a studio apartment, and $3k for the same house.

    Again, 10 year difference.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] -2 points 2 days ago (2 children)

    I never understood landlords like that. Maintenance isn't too difficult or too expensive barring pretty extraordinary circumstances.

    Put in like $200-$300 a month worth of maintenance and you could eventually charge $400-$500 a month more in rent.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 4 child comments
    •
  • [–] -1 points 1 day ago* (1 child)

    Maintenance isn’t too difficult or too expensive

    Are you joking? Getting quality contractors (or doing it yourself) is quite a bit of work and often quite expensive. It's exponentially worse if other people are tearing your shit up because they don't care about other people's stuff.

    You shouldn't take this as 'don't buy your own home', but I can't fathom where you thought properly maintaining a home isn't difficult or expensive. Go lookup prices on how expensive installing a new roof, AC, kitchen cabinets, or flooring is. And those are only some big-ticket items.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 2 points 1 day ago

    Just bought my 30 year old home last year. Have made quite a few upgrades so far because it was necessary but as far as "general" maintenance goes it's been pretty negligible. Of course replacing a roof is a shit ton of money but when you only need a new one every 30 years that $20,000 bill can be spread across 360 months for a total of $55 a month. You just need to be knowledgable enough to know what the maintenance costs and account for it ahead of time not last minute after you have already been greedy and spent all the money you collected the past 30 years.

  • permalink
  • fedilink
  • source
  • parent