Apartment/Salary Question

[Asharus]

Originally posted by: isasir

Originally posted by: Asharus

Originally posted by: isasir
Heh, I thought you might live in either NY or Cali. Where in NY are you moving? Most places in NY seem to be about $1200 for 2 bedrooms in Queens.

I'm not actually moving, my family is moving upstate to Orange County and will be leaving me the house here in Long Island. The rent will be $2700 a month for a huge 5 bedroom, 2 bathroom house. I will be sharing it w/ 2 roommates. I'll have the biggest room w/ private entrance(s).

Ouch. Are you paying rent to your parents or are you assuming the mortgage payments? I'm just curious if at least you'll expect a decent amount returned during tax time or not. Tho' I guess then your name would need to be on the deed.

BTW, I do think that you should look for a cheaper apartment, perhaps something in the $600/mo. range per person + util.

I'm paying rent to my sister. I will be paying $600 a month, my girl is paying $300 (though she won't be living there).

 

[lokiju]

I pay $590 plus Utilities.

Make 3k more a year than you do though.

 

[minendo]

Originally posted by: Asharus

Originally posted by: isasir

Originally posted by: Asharus

Originally posted by: isasir
Heh, I thought you might live in either NY or Cali. Where in NY are you moving? Most places in NY seem to be about $1200 for 2 bedrooms in Queens.

I'm not actually moving, my family is moving upstate to Orange County and will be leaving me the house here in Long Island. The rent will be $2700 a month for a huge 5 bedroom, 2 bathroom house. I will be sharing it w/ 2 roommates. I'll have the biggest room w/ private entrance(s).

Ouch. Are you paying rent to your parents or are you assuming the mortgage payments? I'm just curious if at least you'll expect a decent amount returned during tax time or not. Tho' I guess then your name would need to be on the deed.

BTW, I do think that you should look for a cheaper apartment, perhaps something in the $600/mo. range per person + util.

I'm paying rent to my sister. I will be paying $600 a month, my girl is paying $300 (though she won't be living there).

Sounds like a waste of money to me. Find a cheaper place to live and save money. Then buy a house.

 

[pmoa]

MAKE 60k PAY 845/MONTH plus utils

 

[Elbryn]

150 a month + 1/3 of ultilities. i own a house and have two roomies that pay me rent.

 

[CTrain]

If you live in NY, I'm guessing thats only about $1800 take home.
If you were smart, arrange it to where all your bills are around $1200. That leaves you with $600 extra every month to work it.

 

[JzL]

Originally posted by: Elbryn
150 a month + 1/3 of ultilities. i own a house and have two roomies that pay me rent.

Now thats what I am talking about.

Best thing I ever did was buy my house.. Best investment out there

 

[dabuddha]

Currently $1125 + water every month.
New place I'm moving into in July will be $1370 all utils included.

 

[shopbruin]

i make less than that and pay quite a bit for rent.

AND I SHARE. a studio. in LA. 571/month for my half. woohoo! car insurance is about 180/month (only over 9 months though, and had put down about 300 something) (and it better go down when i renew in july), food, utils, student loans, life.

i'm one broke person but i scrape by every month. you'll be amazed what you can do. for instance, eating out twice a week (that means two meals total out of the 21..) becoming a costco nut, shopping for bargains, clipping every coupon you can find, etc etc.

its the price i pay to live away from my parents. i'm not leaving CA anytime soon though.

 

[Asharus]

Originally posted by: JzL

Originally posted by: Elbryn
150 a month + 1/3 of ultilities. i own a house and have two roomies that pay me rent.

Now thats what I am talking about.

Best thing I ever did was buy my house.. Best investment out there

Funny thing is that my sister recommended that to me when I got out of college, now she's suggesting that I stay and pay rent.

 

[pulse8]

$650 a month + utilities

 

[Yaotl]

why are you paying your sister? does your family own it or something? and that is a crapload of money to be paying on what you make.

 

[brtspears2]

$462 a month + bills (utils, insurance, cell phone) = ~$700 . Salary = $11k + fin aid, grand total roughly $20k.

 

[Garet Jax]

Originally posted by: Asharus
I'm going to be living on my own pretty soon (actually, w/ 2 other roomies), and was wondering how much you guys pay for rent. I only make around $35k a year, and will be paying $900 plus utilities in about 2 months.

I know it is hard to hear (I was your age too), but spending a lot of money on rent is a total waste. It goes down the drain and yields no financial benefit. Find a cheaper place to live and toss the difference into a 401K.

 

[GasX]

Almost $1700 for a 1 bedroom

 

[Asharus]

Originally posted by: Yaotl
why are you paying your sister? does your family own it or something? and that is a crapload of money to be paying on what you make.

She pays for the mortgage.

 

[Alkaline5]

Originally posted by: Asharus

Originally posted by: JzL

Originally posted by: Elbryn
150 a month + 1/3 of ultilities. i own a house and have two roomies that pay me rent.

Now thats what I am talking about.

Best thing I ever did was buy my house.. Best investment out there

Funny thing is that my sister recommended that to me when I got out of college, now she's suggesting that I stay and pay rent.

She's taking her own advice at your expense. If there's any equity involved down the line, the least she can do is share it with you.

 

[BlamoHammer]

My girlfriend and I split $1325 a month for a 2 bedroom apartment.

 

[Yaotl]

Originally posted by: Asharus

Originally posted by: Yaotl
why are you paying your sister? does your family own it or something? and that is a crapload of money to be paying on what you make.

She pays for the mortgage.

and is the mortgage actually that much or is she going to be making money off of you?

 

[Turkish]

Senior in college, pay $510 per month for a 1-bedroom apartment

 

[Asharus]

Originally posted by: Yaotl

Originally posted by: Asharus

Originally posted by: Yaotl
why are you paying your sister? does your family own it or something? and that is a crapload of money to be paying on what you make.

She pays for the mortgage.

and is the mortgage actually that much or is she going to be making money off of you?

It's actually $100 less

 

[sygyzy]

If you make $35k a year GROSS, you should pay max 962.50 (33%).

 

[conjur]

Read this thread...all the way through...and see what phatj ended up deciding to do.

SAVE MONEY while you're young!! Give yourself a shot at an early retirement!!


http://forums.anandtech.com/messageview.cfm?catid=38&threadid=1136503&arctab=arc

 

[Beattie]

Originally posted by: conjur

Originally posted by: Asharus

Originally posted by: DBL
Do you need to have a car? If so, that is a bit tight.

Yeah, and my car insurance is about $1600 a year and my gas is about $230 a month.

Ok, your NET is about $2100/mo...right? You're spending about $1600 for your car insurance, rent, utilities/cable/internet, fuel, and groceries.

That leaves you $500 for car maintenance/taxes, clothes, bills, etc.

Uhh $1600/year == ~$133/month

 

[DBL]

Originally posted by: Asharus

Originally posted by: Yaotl

Originally posted by: Asharus
She pays for the mortgage.

and is the mortgage actually that much or is she going to be making money off of you?

It's actually $100 less

That's a sweet deal for her considering the tax breaks that she receives for you paying her mortgage. However, as long as she could get that rent from someone else, I guess there is not much you can do other than beg.

Even if you are paying a $100 less than her mortgage, do you realize that see probably has a 30k tax deduction at the end of the year due to mortgage interest + property taxes. That means the $2800 she pays is really more like $1800. Of course, there are other expenses to consider when owning a home. I'm just saying that your sister could be giving you a better deal if she really wanted to.