Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 10-03-2014, 09:01 PM   #41
Thinks s/he gets paid by the post
Major Tom's Avatar
 
Join Date: Nov 2009
Location: SF East Bay
Posts: 3,128
Quote:
Originally Posted by haha View Post
Anybody notice that this post "has been flagged for removal."
Ha
I noticed that. Didn't see the original post, but there are a host of fake ads for rentals on Craigslist. Telltale signs are photos that look "stock", and rents that are far too low for the place being described. These ads often lack a phone number and require all communication to be via e-mail.

Having said that, I do believe there are ways to live in even high COL areas on marginal incomes if you're creative and adaptable. I have a good friend who looked on CL every day for 2 years before finding a small studio apartment in a nice part of Oakland, very close to Lake Merritt. She pays a sliver under $500/month which is an absolute steal. She's been there for 3 - 4 years, and equivalent places in the area now rent for ~$1000. When she found it, the building was managed by an elderly lady who took a brief look at her application, took a shine to her, and let her have the place on the spot. Even then, the rent was below market - now, even more so.

But hey - not everyone wants to live in a large metropolitan area in a small studio apartment. I get that.
__________________

__________________
ER, for all intents and purposes. Part-time income <5% of annual expenditure.
Major Tom is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 10-03-2014, 09:29 PM   #42
Thinks s/he gets paid by the post
 
Join Date: Jan 2006
Posts: 2,971
Quote:
Originally Posted by jkern View Post
What type of Standard of Living are they trying to define? For my area, Castro Valley/Pleasanton in SF Bay Area, they say for 1 person:

Living wage: 24K (gross)
Housing: 963 (Bull...1 bedroom rents are 1400 to 1800, does not include utilities)
Transportation: 283 (Bull...Insurance, repairs, gas, loan.. doesn't add up)
Everything else in life: 98 (Bull...... no way!)

If you make $24k here, you are poor and have to figure out alternatives (maybe living with the parents or relatives for free). I'm not advocating raising the wage at the low end of the scale, but why define it as a living wage. Technically, if you make a wage and you are living.....is that not a living wage?
There are multiple places for rent under $963/mo. Not real nice but provide a minimum shelter for someone on minimum wage. Here's one example: Small 1 Bedroom Duplex OPEN TUES 10/7 & THURS 10/9 6-7 pm

Transportation: No need for a car in a place with no freezing weather and little rain. Use a bike or public transportation or your feet.
__________________

__________________
aaronc879 is offline   Reply With Quote
Old 10-04-2014, 10:54 AM   #43
Recycles dryer sheets
 
Join Date: Apr 2011
Location: Castro Valley
Posts: 400
Quote:
Originally Posted by FUEGO View Post
This time it took 12 seconds to find this one:

Large furnished sunny bedroom w/private bath available.

$480/month

Did you look at the rooms & shares at SF bay area rooms & shares - craigslist ?

I sorted by price and there appear to be a fair amount around the $500-600 range.

If I was near destitute, I could probably afford multiple minutes or even hours researching these places, asking friends, looking at community bulletin boards, etc for reasonably priced accommodations. I've found that somehow broke students and non-multimillionaires seem to get by in expensive COL areas somehow.
I'm not saying that it is impossible to find a low cost way of living. My friends brother, who never really fit into society, lives in a tent in a parking lot. My point is what is the purpose of defining a "Living Wage" if it only means that you survived another day. It would be more useful to define an income that someone could actually live a relatively normal life in that location. BTW, I would not let my 23 year old daughter, who works in downtown SF, live in any of the places you found.
__________________
jkern is offline   Reply With Quote
Old 10-04-2014, 11:11 AM   #44
Moderator
rodi's Avatar
 
Join Date: Apr 2012
Location: San Diego
Posts: 8,804
The SF craigslist adds were mostly for shared rooms (at the affordable price)... which is what someone with limited means, in an expensive area, does...

These are the tradeoffs. In a lower cost of living area, a low income single person might be able to get a studio apartment.

I have a good friend who lived in a womens only residential hotel (Like Bosom Buddies) for 18 months when she first moved to SF. She had a professional job at KRON, but the hotel was what fit her budget. After that she moved to rental shares. One of the reasons she moved back to the San Diego area was the cost of living...
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 7%, rental income 18%
rodi is offline   Reply With Quote
Old 10-05-2014, 03:45 PM   #45
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Nov 2007
Posts: 7,526
Quote:
Originally Posted by jkern View Post
I'm not saying that it is impossible to find a low cost way of living. My friends brother, who never really fit into society, lives in a tent in a parking lot. My point is what is the purpose of defining a "Living Wage" if it only means that you survived another day. It would be more useful to define an income that someone could actually live a relatively normal life in that location. BTW, I would not let my 23 year old daughter, who works in downtown SF, live in any of the places you found.
I'd say sharing a house or apartment in SF is a far bit better than sleeping in a tent in a parking lot.

What's a relatively normal life? Guess that's why it's so hard to figure out this living wage thing.
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (5, 11, and 12).
FUEGO is offline   Reply With Quote
Old 10-05-2014, 06:20 PM   #46
Thinks s/he gets paid by the post
Major Tom's Avatar
 
Join Date: Nov 2009
Location: SF East Bay
Posts: 3,128
Quote:
Originally Posted by FUEGO View Post
What's a relatively normal life? Guess that's why it's so hard to figure out this living wage thing.
There you go. You nailed it in two sentences.
__________________
ER, for all intents and purposes. Part-time income <5% of annual expenditure.
Major Tom is offline   Reply With Quote
Old 10-07-2014, 08:05 AM   #47
Thinks s/he gets paid by the post
 
Join Date: Jun 2014
Posts: 1,035
How is living wage not equal to the cost of living?


Sent from my iPhone using Early Retirement Forum
__________________
dallas27 is online now   Reply With Quote
Old 10-07-2014, 09:23 AM   #48
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2004
Posts: 11,615
Quote:
Originally Posted by FUEGO View Post
I'd say sharing a house or apartment in SF is a far bit better than sleeping in a tent in a parking lot.
You never met my college roommate.
__________________
"Freedom begins when you tell Mrs. Grundy to go fly a kite." - R. Heinlein
samclem is online now   Reply With Quote
Old 10-07-2014, 09:37 AM   #49
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
Quote:
Originally Posted by haha View Post
In Seattle, a cheaper city, an attractive young woman might find a room for $500 if she didn't mind some ancillary duties.
Ha
I did not place that ad...
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Old 10-07-2014, 05:54 PM   #50
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Nov 2007
Posts: 7,526
Quote:
Originally Posted by dallas27 View Post
How is living wage not equal to the cost of living?


Sent from my iPhone using Early Retirement Forum
In a tent, or in a rented room, or in a studio apartment, or are we entitled to single family houses, mcmansions, or perhaps real mansions?
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (5, 11, and 12).
FUEGO is offline   Reply With Quote
Old 10-07-2014, 08:10 PM   #51
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,382
Quote:
Originally Posted by FUEGO View Post
In a tent, or in a rented room, or in a studio apartment, or are we entitled to single family houses, mcmansions, or perhaps real mansions?
You Fuego, are entitled to the moon. Especially if there is a subsidy.

Ha
__________________

__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
End of year tax planning for wage slaves.... maddythebeagle Young Dreamers 22 12-22-2006 09:39 AM
Wage growth just_hatched FIRE and Money 9 03-11-2006 11:59 PM
For you wage slaves, How many hours do you work per week? maddythebeagle Young Dreamers 38 03-08-2006 11:15 PM
30 days - minimum wage cute fuzzy bunny Other topics 32 06-28-2005 01:40 PM
Wage Increases vs. CPI Increases TromboneAl FIRE and Money 19 05-06-2005 02:05 PM

 

 
All times are GMT -6. The time now is 03:52 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.