Author Topic: $100,000 Salary ‘Low Income’  (Read 358 times)

Offline andyassur

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$100,000 Salary ‘Low Income’
« on: June 28, 2018, 10:55:37 AM »
http://www.mandatory.com/fun/1253361-bay-area-100000-salary-low-income
https://sanfrancisco.cbslocal.com/2017/04/24/bay-area-low-income-100000-san-francisco-san-mateo-county-hud/

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a family of four and earn an annual income of $105,350, you’re in the low income bracket in San Francisco or San Mateo County. And just down in the way in Alameda and Contra Costa County, annual earnings of $80,400 land you in the low-income ballpark.

in new jersey
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In 2017, a family of four in New Jersey earning $68,000 a year or less is considered low-income, according to HUD.

https://www.nj.com/news/index.ssf/2017/08/heres_what_you_have_to_earn_to_qualify_as_low-inco.html
Thirty spokes are joined in the wheel's hub.
The hole in the middle makes it useful.

...the value comes from what is there,
But the use comes from what is not there.

-Tao Te Ching  chapter 11

Offline jdaniele

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Re: $100,000 Salary ‘Low Income’
« Reply #1 on: June 29, 2018, 09:29:40 AM »
Sadly this is true :-( I figure it all comes down to cost of living is just too high and no one can keep up. Either way a mortgage or rent is determining our status  >:( It might sound bad but we need the housing market to not be what it is today. Homes are being used as a source of income so naturally they have a market value which by default means it'll just keep rising. I love free market but this is one result of this
"The true sign of intelligence is not knowledge but imagination." - Albert Einstein

Offline andyassur

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Re: $100,000 Salary ‘Low Income’
« Reply #2 on: June 29, 2018, 08:10:13 PM »
Sadly this is true :-( I figure it all comes down to cost of living is just too high and no one can keep up. Either way a mortgage or rent is determining our status  >:( It might sound bad but we need the housing market to not be what it is today. Homes are being used as a source of income so naturally they have a market value which by default means it'll just keep rising. I love free market but this is one result of this

my dad actually rents out apartments and what dictates the price of rent is subsidized rental assistance. why would rent go below $1100 a month if the state is willing to pay that?

the price of housing is absurd 84k for my 1000 sq condo is the best i could do.
Thirty spokes are joined in the wheel's hub.
The hole in the middle makes it useful.

...the value comes from what is there,
But the use comes from what is not there.

-Tao Te Ching  chapter 11