Re: Best Apartments for Reasonable pricing...
Posted by:
apart-ment
()
Date: March 28, 2016 11:09AM
You're going to have to move out Stafford County or even Spotsylvania to find anything "affordable" these days. I used to work in a leasing office for a large complex in Ffx and this is how it goes with most major management companies (bainbridge, archstone, etc).
$1,000 a month rent x 36 = $36,000 a year to qualify. $17.31 an hour.
$1,200 a month rent x 36 = $43,200 a year. $20.77 an hour.
$1,400 a month rent x 36 = $50,400 a year. $24.23 an hour.
$1,600 a month rent (average for a 2 bedroom here in Ffx CO)= $57,600/ $27.69/hr.
The average person makes $30,000 a year per Social Security stats (50% of us) so that person should be paying no more than $835 a month for rent. IMPOSSIBLE to find in this area. You would have to go to richmond or baltimore city proper to find that type of rent.
This explains why most young adults (say 20-35) are still living with their parents. This is also why you find illegals overcrowding places, with their $10 an hour jobs they can't afford it even if they were legal. This is also why all the lower income places are saturated with Hispanics as they tend to look out for each other and don't want to rent to us whites, blacks, and asians.
The lack of wages, student loans, and obamacare eating their checks on top of the fact obamacare makes every job PART TIME makes it hard. To qualify for a basic $1,000 a month apartment, one would need to GROSS $692.30 a week. Your 25 hours at walmart making $10 an hour only gets you 250 gross. It's simple math....
Good Luck everyone.