High as economy is now if you were trying to get your own place would stay at a job that pay $13 an hour making 40 hours a week?

[Anonymous]

[Turtlewax1994]

No because it would take a while to get to a minimum salary to get a home. However it just depends where you reside. I know in ca it wouldn’t but twitch that pay it probably would in other places. Plus you have to take to account if you have roommates and what not. If you do it’s still affordable

Help please with my question?
Doesn’t seem to be as interested as I thought? ↗

[AviatorTom]

Let's do the math. $13/hour x 40 hours/week is $520/week or about $2200/month gross. Taking out 20% for taxes, that gives you about $1800/month take home (net) pay. Recommended housing cost is no more than 35% of your net pay, which would be $630/month.

It would be hard to find your own place to rent for $630/month.

If you can find a job that pays more, you'd be better off. Remember, though, that a job should be enjoyable as well as making money for you.

Best of luck!

[Asker]

My dad told me I shouldn't leave this job I have now because it's easy. I'm a painter.

[Telekinetic-Potato]

Lol, I'm not even staying at my side job that was paying 20. 13 isn't enough. Should be pulling in at least 17/hr if you're doing 40hrs a week and you need to live on your own.

[HazyDaze63]

That would depend on the cost of living where you are. Where I live, you could not get a place while warming that little. In fact, the minimum wage is higher and it's still not enough

[BeMuse]

Are you suggesting the economy is good, or are you telling us that you are high?

[Asker]

Since prices went up is that good pay to get an apartment or house

[BeMuse]

Real estate is always local... Certain markets are in very strong speculative bubbles and do not have the economy to support the price points. When people lose jobs or are financially stressed by inflation, inventory will rise sharply and those who want to sell, will have to sell for less, that is if they aren't being foreclosed on... Low income neighborhoods are usually hit hardest because those jobs are always the first to go and often those neighborhoods are subject to larger bubbles from speculations over redevelopment plans. If the plans fall through, then everything goes to shit for them.

That said the money supply is expanding exponentially right now and inflation is through the roof with 25-30% in certain sectors when the target is 2%. Real estate is a good hedge against inflation, so if you buy in the right location it should help to preserve some of your wealth. Location location location... At $13 an hour though you are likely not living in a good location.

The economy is extraordinarily bad right now... Global depression sort of bad... The world reserve currency (USD) is being printed exponentially to cover debt interest and all around the world through the G20 countries GDP is flat and thus inflation is running mad. Not to even touch all the other doom shit that is coming...

[BeMuse]

If you buys something be prepared to hold it for 20 years. Make sure it's where you want to be and that the economy is stable enough.

[Fireguy17]

Your take home would be about 1,700 a month.
You need food, transportation, utilities etc, so you would not have much left over for an apartment, unless you had a roommate or 2.

[TallAnon]

Don't leave until you have secured something better, but start a plan. Where do you want to be in 10 years?

[Anonymous]

Only way I'd work at a job that paid me 13 dollars an hr is if I was flat broke.
At your age I would have.

[RuthlessAggression]

I'm making close to that, but only working half that

[Agape93]

Nope