How long till nobody can afford rent

How long till nobody can afford rent

Posted in the Nashville Forum

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Djcjwjfjxjsjdc

United States

#1 Jun 15, 2017
Wonder how long rent can keep going up and houses being flipped until everybody says enough. Nashville is a booming real estate market right now. But that 1300 sq ft house is only worth so much. I mean would pay 500,000 to live in a normal neighborhood in east Nashville
facts-a-million

Nashville, TN

#2 Jun 15, 2017
For the growth and size of Nashville, rents are still reasonable.

In many larger cities, rent for a small decent apartment begins around $2500.
Djcjwjfjxjsjdc

United States

#3 Jun 15, 2017
facts-a-million wrote:
For the growth and size of Nashville, rents are still reasonable.

In many larger cities, rent for a small decent apartment begins around $2500.
Lik I said. For how long
sam

Earlville, NY

#4 Jun 15, 2017
agreed
ThomasA

Guntersville, AL

#5 Jun 15, 2017
Djcjwjfjxjsjdc wrote:
Wonder how long rent can keep going up and houses being flipped until everybody says enough. Nashville is a booming real estate market right now. But that 1300 sq ft house is only worth so much. I mean would pay 500,000 to live in a normal neighborhood in east Nashville
It's not just Nashville. People are sick and tired of living out in the 'burbs" and sitting in bumper to bumper traffic EVERY DAY for hours so the trend is to move back closer in, find a smaller house and TOTALLY remodel it into a cozy, low utility, close to shopping and work home and settle in for the long run. Now YOUR problem is that if you've been paying rent and not looking for an AFFORDABLE house ACCORDING to your financial capabilities, you've missed the plane. Sure you want four bedrooms, three baths, two car garage close to schools just like mommy and daddy had but new cars, fancy electronics, big boy toys, closets full of high dollar clothes, bar and restaurant bills on Master Charge really get in the way of your dreams! If you want to pay rent forever and never build any equity, keep your lifestyle, pay someone else's lifestyle and enjoy being a renter with periodic increases. Have a happy life!
Invested

Gallatin, TN

#6 Jun 16, 2017
Djcjwjfjxjsjdc wrote:
Wonder how long rent can keep going up and houses being flipped until everybody says enough. Nashville is a booming real estate market right now. But that 1300 sq ft house is only worth so much. I mean would pay 500,000 to live in a normal neighborhood in east Nashville
supply and demand
Qwerty

Union, KY

#7 Jun 16, 2017
Full-time workers who make minimum wage can’t afford a two-bedroom rental home in any state in the U.S. without spending more than the recommended 30 percent of their income, according to a report from the National Low Income Housing Coalition

Currently in Tennessee an individual needs to earn $15.34 to rent a 2 bedroom house, working 40 hrs per week 52 weeks a year, to spend less than 30% of their income.

There's a great story about it on the HuffPo. The Hourly Income You Need To Afford Rent Around The U.S.
http://www.huffingtonpost.com/entry/how-much-...
shew

Nashville, TN

#8 Jun 16, 2017
ThomasA wrote:
<quoted text> It's not just Nashville. People are sick and tired of living out in the 'burbs" and sitting in bumper to bumper traffic EVERY DAY for hours so the trend is to move back closer in, find a smaller house and TOTALLY remodel it into a cozy, low utility, close to shopping and work home and settle in for the long run. Now YOUR problem is that if you've been paying rent and not looking for an AFFORDABLE house ACCORDING to your financial capabilities, you've missed the plane. Sure you want four bedrooms, three baths, two car garage close to schools just like mommy and daddy had but new cars, fancy electronics, big boy toys, closets full of high dollar clothes, bar and restaurant bills on Master Charge really get in the way of your dreams! If you want to pay rent forever and never build any equity, keep your lifestyle, pay someone else's lifestyle and enjoy being a renter with periodic increases. Have a happy life!
Now THAT'S an angry old white man.
ThomasA

Guntersville, AL

#9 Jun 17, 2017
shew wrote:
<quoted text>

Now THAT'S an angry old white man.
My only anger is at the lazy azz toads that want,want,want and are not willing to work,work,work. It's a slap to those who worked two jobs to get ahead without buying all the latest toys, buying NEW, not slightly used cars, fad clothes, eating out several nights a week, cruises, and etc. Yeah, they see what other people who either went on to college or trade school and want they have EARNED. Why not spend your time EARNING an extra salary to help put down on your OWN house instead of spending all your time in front of the TV swilling beers and complaining about what somebody won't GIVE you! Maybe the light will finally come on many years down the road when you figure how much rent you threw down the toilet and have NOTHING to show for it. Lowe's, McDonald's, Home Depot are always hiring unless working there is beneath your dignity and you are comfortable in your rut.
Woodenman

Kingston Springs, TN

#10 Jun 17, 2017
ThomasA wrote:
<quoted text> My only anger is at the lazy azz toads that want,want,want and are not willing to work,work,work. It's a slap to those who worked two jobs to get ahead without buying all the latest toys, buying NEW, not slightly used cars, fad clothes, eating out several nights a week, cruises, and etc. Yeah, they see what other people who either went on to college or trade school and want they have EARNED. Why not spend your time EARNING an extra salary to help put down on your OWN house instead of spending all your time in front of the TV swilling beers and complaining about what somebody won't GIVE you! Maybe the light will finally come on many years down the road when you figure how much rent you threw down the toilet and have NOTHING to show for it. Lowe's, McDonald's, Home Depot are always hiring unless working there is beneath your dignity and you are comfortable in your rut.
Thomas, I don't know your situation. I don't know what your education level is, your skill level, if you have had family help, inherited anything, etc. I do know that LOTS of people do work those Lowes and McDonalds jobs (simultaneously), live within their means, and are still unable to make ends meet. Your narrow minded assertions are a slap in the face to millions of Americans who work just as hard as you do, if not harder.
ThomasA

Guntersville, AL

#11 Jun 17, 2017
Woodenman wrote:
<quoted text>

Thomas, I don't know your situation. I don't know what your education level is, your skill level, if you have had family help, inherited anything, etc. I do know that LOTS of people do work those Lowes and McDonalds jobs (simultaneously), live within their means, and are still unable to make ends meet. Your narrow minded assertions are a slap in the face to millions of Americans who work just as hard as you do, if not harder.
If people can't make it working two jobs, maybe their lifestyle is out of balance concerning needs vs. wants.
Woodenman

Kingston Springs, TN

#12 Jun 17, 2017
ThomasA wrote:
<quoted text> If people can't make it working two jobs, maybe their lifestyle is out of balance concerning needs vs. wants.
Maybe for some, maybe not for others. This is not as black and white as you are trying to make it out. Lets say someone makes 9 dollars an hr one place, 10.50 another. Both places give them just under enough hrs to make them ineligible for benefits and their struggle continues.
Like I said, this is the everyday reality for millions of Americans. They work 60 hrs a week, and they are ground up by the system. Their lives suck, and they have guys like you rubbing salt in the wound.
ThomasA

Guntersville, AL

#13 Jun 17, 2017
Woodenman wrote:
<quoted text>
Maybe for some, maybe not for others. This is not as black and white as you are trying to make it out. Lets say someone makes 9 dollars an hr one place, 10.50 another. Both places give them just under enough hrs to make them ineligible for benefits and their struggle continues.
Like I said, this is the everyday reality for millions of Americans. They work 60 hrs a week, and they are ground up by the system. Their lives suck, and they have guys like you rubbing salt in the wound.
I worked two jobs plus worked when I could on weekends and any spare time. You set a budget and work around it and anything you can squeeze into the pot, you save . It was hard to get ahead and just when you think you're there, another bill comes along. Plenty of people are making it, I made it, it's the people who won't get off their butts and outside their comfort zone that don't. The biggest problem for many people is not being able to tell their kids NO, we can't afford that. What, ask the teenagers to get an after school job for their spending money? Oh hell no, it would be embarrassing to let their friends see them making pizzas , busing tables, and flipping burgers. Oh the shame!
Woodenman

Kingston Springs, TN

#14 Jun 17, 2017
ThomasA wrote:
<quoted text> I worked two jobs plus worked when I could on weekends and any spare time. You set a budget and work around it and anything you can squeeze into the pot, you save . It was hard to get ahead and just when you think you're there, another bill comes along. Plenty of people are making it, I made it, it's the people who won't get off their butts and outside their comfort zone that don't. The biggest problem for many people is not being able to tell their kids NO, we can't afford that. What, ask the teenagers to get an after school job for their spending money? Oh hell no, it would be embarrassing to let their friends see them making pizzas , busing tables, and flipping burgers. Oh the shame!
Do you really think telling their kids no is the biggest problem? Most of these folks have to do it everyday. So your work paid off for you and many others. Maybe they don't work quite as hard as you and/or are not possessed of your superior intellect. The fact of the matter is, millions " get off their butts" everyday and still barely get by. Not trying to be a bummer, its just a fact. Obviously you don't see it that way and probably never will, so I'll just leave it at that. We're just grinding gears and affecting no change here, and I've got work to do....
ThomasA

Guntersville, AL

#15 Jun 17, 2017
Woodenman wrote:
<quoted text>Do you really think telling their kids no is the biggest problem? Most of these folks have to do it everyday. So your work paid off for you and many others. Maybe they don't work quite as hard as you and/or are not possessed of your superior intellect. The fact of the matter is, millions " get off their butts" everyday and still barely get by. Not trying to be a bummer, its just a fact. Obviously you don't see it that way and probably never will, so I'll just leave it at that. We're just grinding gears and affecting no change here, and I've got work to do....
You know it can be done, I know it can be done but there are just too many defeatist out there that don't try and seek pity instead of any and all possible opportunities.
What

United States

#16 Jun 17, 2017
ThomasA wrote:
<quoted text> It's not just Nashville. People are sick and tired of living out in the 'burbs" and sitting in bumper to bumper traffic EVERY DAY for hours so the trend is to move back closer in, find a smaller house and TOTALLY remodel it into a cozy, low utility, close to shopping and work home and settle in for the long run. Now YOUR problem is that if you've been paying rent and not looking for an AFFORDABLE house ACCORDING to your financial capabilities, you've missed the plane. Sure you want four bedrooms, three baths, two car garage close to schools just like mommy and daddy had but new cars, fancy electronics, big boy toys, closets full of high dollar clothes, bar and restaurant bills on Master Charge really get in the way of your dreams! If you want to pay rent forever and never build any equity, keep your lifestyle, pay someone else's lifestyle and enjoy being a renter with periodic increases. Have a happy life!
Wow dude. Are you always such a dick?
Dan Rather

Nashville, TN

#17 Jun 17, 2017
What wrote:
<quoted text>

Wow dude. Are you always such a dick?
There is a homeless shelter downtown that helps people if they cannot afford rent somewhere.
Woodenman

Kingston Springs, TN

#18 Jun 17, 2017
Dan Rather wrote:
<quoted text>

There is a homeless shelter downtown that helps people if they cannot afford rent somewhere.
?
Woodenman

Kingston Springs, TN

#19 Jun 17, 2017
Dan Rather wrote:
<quoted text>

There is a homeless shelter downtown that helps people if they cannot afford rent somewhere.
Sounds good. 3 hots and a cot for the families that can't quite make it in the gentrified, trust funded wonderland that we call Nashville, Tennessee!
Woodenman

Kingston Springs, TN

#21 Jun 17, 2017
Woodenman wrote:
<quoted text>
You can ALMOST decapitate an old lady and create a multi million dollar ministry, but God forbid you can't pay the rent, cause you're FUCKED!
Maurydavis/ cornerstone: GOD bless America!

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