racer254 Posted April 12, 2018 Share Posted April 12, 2018 Bohica, There are a lot of intellectual elites in this thread. 1 Quote Link to comment Share on other sites More sharing options...
Momorider Posted April 12, 2018 Share Posted April 12, 2018 35 minutes ago, motonoggin said: Jesus fucking Christ Momo.... The market vacancy rate, reports thePuget Sound Business Journal, is 4 percent, up from 3.3 percent from the spring—not the biggest jump, but that number leaves out brand-new properties. Include projects that are still gathering their first tenants and that number jumps to 6.8 percent, a much larger increase from 5.1 percent in the spring. That would imply that new projects coming online are greatly impacting the vacancy rate for the first time in a while. The numbers come from a local apartment survey by local analysis firm Dupre and Scott. Their report says to expect Seattle’s rent increases to slow down as a result—with increased supply, landlords may be more desperate to fill units. 37 minutes ago, Momorider said: Highest vacancy in 50 years, just a coincidence eh NaziPigDog Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted April 12, 2018 Author Gold Member Share Posted April 12, 2018 1 minute ago, Nazipigdog said: That's still pretty high rent for such a liberal wasteland. Seattle is well over 2300 for a shithole rental 1229 buys you a house when off of the I5 corridor. But those areas don’t have a $15 an hour minimum wage either so everything is more affordable. Quote Link to comment Share on other sites More sharing options...
racer254 Posted April 12, 2018 Share Posted April 12, 2018 Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted April 12, 2018 Author Gold Member Share Posted April 12, 2018 2 minutes ago, racer254 said: Bohica, There are a lot of intellectual elites in this thread. Got a fuck load in my net.... I’ve even used a shitty old net full of holes that they should be able to swim through but they still managed to get tangled in it. 1 Quote Link to comment Share on other sites More sharing options...
motonoggin Posted April 12, 2018 Share Posted April 12, 2018 9 minutes ago, BOHICA said: 1229 is for the whole state dumb dumb. Hard for you liberals to believe but Washington state is actual bigger then Seattle. Yeah, no it isn't. You better read that shit you posted so triumphantly again. Probably get out an adding machine too. Maybe ask the GF to help. 1 Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted April 12, 2018 Author Gold Member Share Posted April 12, 2018 Just now, motonoggin said: Yeah, no it isn't. You better read that shit you posted so triumphantly again. Probably get out an adding machine too. Maybe ask the GF to help. You better click the link in the article and scroll down to Washington state to see what the state average cost of rent is.... Quote Link to comment Share on other sites More sharing options...
motonoggin Posted April 12, 2018 Share Posted April 12, 2018 3 minutes ago, Momorider said: No, it isn't a fucking coincidence, dipshit. The demand for housing is up, so motherfuckers ARE BUILDING MORE HOUSING. No one is moving out. Lol. Quote Link to comment Share on other sites More sharing options...
Anler Posted April 12, 2018 Share Posted April 12, 2018 3 minutes ago, BOHICA said: You better click the link in the article and scroll down to Washington state to see what the state average cost of rent is.... You really are retarded. I can't believe you are now making this comparison. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted April 12, 2018 Share Posted April 12, 2018 3 minutes ago, BOHICA said: You better click the link in the article and scroll down to Washington state to see what the state average cost of rent is.... The article you posted says it takes $30/hr to afford a two bedroom apartment in Seattle. 30/hr = about $4800/mo $4800/mo at 25% for housing = $1200. Fucking duh Quote Link to comment Share on other sites More sharing options...
Momorider Posted April 12, 2018 Share Posted April 12, 2018 4 minutes ago, motonoggin said: No, it isn't a fucking coincidence, dipshit. The demand for housing is up, so motherfuckers ARE BUILDING MORE HOUSING. No one is moving out. Lol. Yah that just pops right up no lead time required they just appear overnight Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted April 12, 2018 Author Gold Member Share Posted April 12, 2018 Just now, motonoggin said: The article you posted says it takes $30/hr to afford a two bedroom apartment in Seattle. 30/hr = about $4800/mo $4800/mo at 25% for housing = $1200. Fucking duh Smh... you can lead a horse to water but.... ah never mind. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted April 12, 2018 Share Posted April 12, 2018 Just now, Momorider said: Yah that just pops right up no lead time required they just appear overnight No, they don't, which is why vacancy rates are at a 7 year high. Jesus. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted April 12, 2018 Share Posted April 12, 2018 1 minute ago, BOHICA said: Smh... you can lead a horse to water but.... ah never mind. Washington state, which required at least a $23.64 per hour wage to afford a two-bedroom, had the 10th highest housing wage in the nation, according to the report. Quote Link to comment Share on other sites More sharing options...
Momorider Posted April 12, 2018 Share Posted April 12, 2018 2 minutes ago, motonoggin said: No, they don't, which is why vacancy rates are at a 7 year high. Jesus. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted April 12, 2018 Share Posted April 12, 2018 1 minute ago, Momorider said: The market vacancy rate, reports thePuget Sound Business Journal, is 4 percent, up from 3.3 percent from the spring—not the biggest jump, but that number leaves out brand-new properties. Include projects that are still gathering their first tenants and that number jumps to 6.8 percent, a much larger increase from 5.1 percent in the spring. That would imply that new projects coming online are greatly impacting the vacancy rate for the first time in a while. Quote Link to comment Share on other sites More sharing options...
Momorider Posted April 12, 2018 Share Posted April 12, 2018 Just now, motonoggin said: The market vacancy rate, reports thePuget Sound Business Journal, is 4 percent, up from 3.3 percent from the spring—not the biggest jump, but that number leaves out brand-new properties. Include projects that are still gathering their first tenants and that number jumps to 6.8 percent, a much larger increase from 5.1 percent in the spring. That would imply that new projects coming online are greatly impacting the vacancy rate for the first time in a while. Even the 4% is four times higher than in Toronto which is like 1% add in new construction which has like a decade leed time people are leaving in droves, cuz its unaffordable Stevie Wonder could see that Quote Link to comment Share on other sites More sharing options...
motonoggin Posted April 12, 2018 Share Posted April 12, 2018 Looking to rent a two-bedroom apartment in Seattle? You’re going to need to make at least $29.21 per hour to afford it, according to a new report from the National Low Income Housing Coalition. $29.21/hr x 2080hrs = 60756.80 60,756.80/12= 5063.07/mo @30% housing spending that comes out to $1518.92/mo. So average rent in Washington state is $1229 for a 2 bedroom. One needs to make $23 and change to afford that. To afford the same thing in Seattle it's less than $300/mo more. And wages are better in Seattle. Seems about right. Don't know why you're bitching about it. Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted April 12, 2018 Author Gold Member Share Posted April 12, 2018 2 minutes ago, motonoggin said: Washington state, which required at least a $23.64 per hour wage to afford a two-bedroom, had the 10th highest housing wage in the nation, according to the report. WASHINGTON STATE!!!! Not seattle 52 weeks times 40 hours a week equals 2080 hours..... at 2080 hours at $23.64 you make 49,171 per year. 30 percent of income goes to housing.... so .30 x 49,171=14751$ a year spent on housing. So 14751/12 months equals $1229 a month for rent.... so you need to make $23.64 an hour to only spend 30% of your income on the average rent cost across the state. take a deep breath Moto and drink some water Quote Link to comment Share on other sites More sharing options...
motonoggin Posted April 12, 2018 Share Posted April 12, 2018 1 minute ago, Momorider said: Even the 4% is four times higher than in Toronto which is like 1% add in new construction which has like a decade leed time people are leaving in droves, cuz its unaffordable Stevie Wonder could see that And Toronto is fucked. Housing supply is tight so demand pushes prices up until the market responds to the demand with new housing. Once the new housing comes on line, it puts less pressure on pricing and demand relative to supply drops. I mean, for being Mr mahogany paneled office business guy, you sure know fuck all about basic econ. Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted April 12, 2018 Author Gold Member Share Posted April 12, 2018 https://www.rentcafe.com/average-rent-market-trends/us/wa/seattle/ Quote Link to comment Share on other sites More sharing options...
racer254 Posted April 12, 2018 Share Posted April 12, 2018 Jesus Fuck. Is there any common sense any more? Quote Link to comment Share on other sites More sharing options...
motonoggin Posted April 12, 2018 Share Posted April 12, 2018 2 minutes ago, BOHICA said: WASHINGTON STATE!!!! Not seattle 52 weeks times 40 hours a week equals 2080 hours..... at 2080 hours at $23.64 you make 49,171 per year. 30 percent of income goes to housing.... so .30 x 49,171=14751$ a year spent on housing. So 14751/12 months equals $1229 a month for rent.... so you need to make $23.64 an hour to only spend 30% of your income on the average rent cost across the state. take a deep breath Moto and drink some water I just did the math for you above. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted April 12, 2018 Share Posted April 12, 2018 1 minute ago, racer254 said: Jesus Fuck. Is there any common sense any more? How much of your income goes to your mortgage? Do you even know? Quote Link to comment Share on other sites More sharing options...
Momorider Posted April 12, 2018 Share Posted April 12, 2018 6 minutes ago, motonoggin said: And Toronto is fucked. Housing supply is tight so demand pushes prices up until the market responds to the demand with new housing. Once the new housing comes on line, it puts less pressure on pricing and demand relative to supply drops. I mean, for being Mr mahogany paneled office business guy, you sure know fuck all about basic econ. and and then more Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.