Posted by Billy NY on July 26, 2012 at 09:41:41 from (67.248.100.3):
In Reply to: Re: take a guess posted by JDseller on July 26, 2012 at 07:14:41:
The land taxes are choking, real estate prices can be far fetched, those jobs you mention, barely afford an apartment, and say a car payment, thats it, not much left for retirement funds, savings or a rainy day, let alone a mortgage, and if you have to pay for health benefits, forget it, for example my car payment is under $300 a month, bare basic fuel saving 4 door car, add medical and dental thats $550/month, so there is a mortgage payment right there. Then add say a mortgage or your housing payment, living expenses, and I mean modest living expenses, that $20/hour, is now breaking even, you want kids, forget it, now you are in the red big time. You can scrape by, but that is it, you'll need a 2nd job or additional income to improve the situation.
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