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Comment: Re:I'm spending 60% of my monthly income on rent (Score 1) 937 937

luxury apartments that charge higher than market rates

If they are renting them, they must not be getting higher than market rent - market rent is what something will rent for.

That just doesn't make any sense. They can charge higher than what the market will ultimately sustain because deman is so high. This is what is known as a bubble and, make no bones about it, this one will burst and make 2008 look like a small bump in the economy by comparison.

Comment: Re:I'm spending 60% of my monthly income on rent (Score 1) 937 937

That is an appreciably difficult situation to be in. I'm currently on long term disability which gives me some subsidized housing and food. Without that, I'm facing homelessness. I still work but at a job that only pays 11.00 per hour in a township where the median income is in the 60K-70K range. The only possible way I have to get ahead is by saving for a trailer and going to an RV park. Due to the demands placed on me, I can no longer work a standard 9-5 job due to doctor's appointment, physical therapy, etc. So I'm stuck working as a Security Guard. This is ultimately, not sustainable. Something will have to give ....

A commune is where people join together to share their lack of wealth. -- R. Stallman

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