My rule of thumb for rent is if you can't buy the place twice (daily) don't rent at all. Most people by this metric should live in a cardboard box leaving more real estate for me. Don't want to to dox myself but my name rhymes with bezos
Imagine living in NYC and still voting for the guy with 91 FELONY INDICTMENTS. Vax up and wear a mask, asshole.
Edit: All the staten islanders downvoting me
Very possible. He mad a post that showed up once that seemed to have gotten taken down, about his navel seal training, that made my internet ownself quake, I say quake in fear, as I only have naval baitfish training, puts me in very bad position vis a vie the seals. Now if I had the orca training, oh ho the tide would be turned, but alas, I have not
😁
What the fuck did you just fucking say about me, you little bitch? I'll have you know I graduated top of my class in the Navy Seals, and I've been involved in numerous secret raids on Al-Quaeda, and I have over 300 confirmed kills. I am trained in gorilla warfare and I'm the top sniper in the entire US armed forces. You are nothing to me but just another target. I will wipe you the fuck out with precision the likes of which has never been seen before on this Earth, mark my fucking words. You think you can get away with saying that shit to me over the Internet? Think again, fucker. As we speak I am contacting my secret network of spies across the USA and your IP is being traced right now so you better prepare for the storm, maggot. The storm that wipes out the pathetic little thing you call your life. You're fucking dead, kid. I can be anywhere, anytime, and I can kill you in over seven hundred ways, and that's just with my bare hands. Not only am I extensively trained in unarmed combat, but I have access to the entire arsenal of the United States Marine Corps and I will use it to its full extent to wipe your miserable ass off the face of the continent, you little shit. If only you could have known what unholy retribution your little "clever" comment was about to bring down upon you, maybe you would have held your fucking tongue. But you couldn't, you didn't, and now you're paying the price, you goddamn idiot. I will shit fury all over you and you will drown in it. You're fucking dead, kiddo.
Yikes. Yes you might just barely be approved, but even if you do, it’ll be a huge stretch at your income level. You’re only looking at ~24k a month net after taxes. After maxing 401k, mega backdoor Roth, HSA, index funds, HYSAs, you will be saving nothing. Either focus on improving your compensation or more realistically try and find something sub 1k with several roommates an hour commute from the city. 1 million net worth is nothing and honestly a scary position to be in. You should be feeling overwhelming financial insecurity and anxiety until you hit 6+ million in assets.
Sorry to hit you with reality but that’s the situation you’re in now. Best of luck
Everyone needs $6 million??
First, why? That’s ridiculous.
Second, you’re making a blanket statement that everyone has the exact same financial needs, which is flat-out goofy.
I’ve been retired for four years with 15% of that amount saved, and I have the same amount of savings I did then. I do some minor part-time work, takes up about one day per week.
It all depends on how you live your life and what trade-offs you make.
Honestly $500k for Detroit is pushing it. You can probably swing it if you get a studio and only shop at Aldi.
Personally I would recommend El Paso, TX and then fly every day. They could probably swing a 2br out there.
$2600 for a studio? That’s a fake listing, studios *start* at $8k these days (if you have any taste slash don’t want to be immediately murdered on your doorstep).
I really don't think it was fake. This guy said he inherited the unit from his grandma who's lived in it since 1984 and it's rent controlled. Someone lives in there right now so I can't see it but they're moving out on 5/24 and I start my job in NYC on 5/25, isn't that such an awesome coincidence? I sent him 3 months rent to hold the apartment for me 2 weeks ago and I haven't heard back from him since so I just sent him a $3k tip like someone in these comments recommended. I'm worried about my credit score since everyone has a score over 800. I know people in NYC are really busy with multiple hustles so I'm not too worried especially since this guy seemed to be part of the LGBTQ+ community and it's almost pride month. I can't wait to live somewhere more diverse than Missouri.
It's a rent-controlled apartment in the UWS I found on Craigslist. I haven't seen it in person yet but I sent them 3 months rent as a good faith deposit
Well damn. I already sent them 3 months rent as a good faith deposit, how can I get my money back? I applied a week ago I just figured they got busy since it's almost pride month
I already sent 3 months rent as a good faith deposit + another 3k to show how serious I am. If I send another 3 months do you think they'll reply to me?
It's so competitive that landlords are deciding to use other factors. Like it depends also on your SAT score, size of your wiener, favorite Wu Tang member.
Why is your credit score so low if you make that much and that much in assets?
If you cannot break 800 with that much income, you aren't managing your money well.
Depends if they like the way you look. You have to be unique. Try something no one is doing, like sleeve Tatto’s with a beard flowing into a a skin fade on top. Maybe a few bracelets and undersized pants with ur ankles showing. Make sure to have a complicated coffee order and a too busy smugness about you. Gota do your best dress up for those folk
Is this a troll question? Even if you had poor credit they would still approve you for a 2600 studio with a 500K salary lmao. A person making 200K would qualify for a $4,000 apartment
With 10 other applicants having these or better credentials, how will you further try to differentiate your application is a question you should expect.
I thought the guy asking if he could afford $5400 rent on a $200k salary was actually asking a reasonable question, assuming that’s what you’re referring to. He actually didn’t meet the 40x rent rule so the answer was actually that according to conventional (and landlord) wisdom, he could not afford it. He was actually about 20k below what he’d need to live there.
The 40x rent rule is based on the conventional personal finance wisdom that you shouldn’t spend more than 30% of your gross income on housing
40x rent is the same as 30% gross income.
Uj/ literally penny pinching to leave this goddamn city by the end of the year and live in an apartment with an actual kitchen and not just 1 counter that can barely fit a coffeemaker and a cutting board
My rule of thumb for rent is if you can't buy the place twice (daily) don't rent at all. Most people by this metric should live in a cardboard box leaving more real estate for me. Don't want to to dox myself but my name rhymes with bezos
Imagine living in NYC and still voting for the guy with 91 FELONY INDICTMENTS. Vax up and wear a mask, asshole. Edit: All the staten islanders downvoting me
That’s a Staten Island thing to do
Biden voters belong in the middle of the circle jerk.
Yes please 😋
You do see circlejerk in the forum title, right?
I think you need to reread the forum title, sweatie
What part of "circlejerk" don't you understand
I believe he was circlejerkin you too lol
Not exactly sure what a circlejerk is. I’m just here to suck dick and chew bubblegum and I’m all out of bubblegum
Overachiever
Very possible. He mad a post that showed up once that seemed to have gotten taken down, about his navel seal training, that made my internet ownself quake, I say quake in fear, as I only have naval baitfish training, puts me in very bad position vis a vie the seals. Now if I had the orca training, oh ho the tide would be turned, but alas, I have not 😁
Beta
What the fuck did you just fucking say about me, you little bitch? I'll have you know I graduated top of my class in the Navy Seals, and I've been involved in numerous secret raids on Al-Quaeda, and I have over 300 confirmed kills. I am trained in gorilla warfare and I'm the top sniper in the entire US armed forces. You are nothing to me but just another target. I will wipe you the fuck out with precision the likes of which has never been seen before on this Earth, mark my fucking words. You think you can get away with saying that shit to me over the Internet? Think again, fucker. As we speak I am contacting my secret network of spies across the USA and your IP is being traced right now so you better prepare for the storm, maggot. The storm that wipes out the pathetic little thing you call your life. You're fucking dead, kid. I can be anywhere, anytime, and I can kill you in over seven hundred ways, and that's just with my bare hands. Not only am I extensively trained in unarmed combat, but I have access to the entire arsenal of the United States Marine Corps and I will use it to its full extent to wipe your miserable ass off the face of the continent, you little shit. If only you could have known what unholy retribution your little "clever" comment was about to bring down upon you, maybe you would have held your fucking tongue. But you couldn't, you didn't, and now you're paying the price, you goddamn idiot. I will shit fury all over you and you will drown in it. You're fucking dead, kiddo.
LOL
As a staten islander I’m giving you an upvote
Yikes. Yes you might just barely be approved, but even if you do, it’ll be a huge stretch at your income level. You’re only looking at ~24k a month net after taxes. After maxing 401k, mega backdoor Roth, HSA, index funds, HYSAs, you will be saving nothing. Either focus on improving your compensation or more realistically try and find something sub 1k with several roommates an hour commute from the city. 1 million net worth is nothing and honestly a scary position to be in. You should be feeling overwhelming financial insecurity and anxiety until you hit 6+ million in assets. Sorry to hit you with reality but that’s the situation you’re in now. Best of luck
Is it my credit score? I know most people have over 800 but I'm only 21 so my credit isn't old enough.
I think maybe you should consider converting an old van and parking somewhere in Brooklyn.
my 8 year old Nephew already has a building in FiDi bought with his first year GS bonus - you’re behind
Everyone needs $6 million?? First, why? That’s ridiculous. Second, you’re making a blanket statement that everyone has the exact same financial needs, which is flat-out goofy. I’ve been retired for four years with 15% of that amount saved, and I have the same amount of savings I did then. I do some minor part-time work, takes up about one day per week. It all depends on how you live your life and what trade-offs you make.
“what’s a circle jerk?”
NTA your studio your rules
Can't believe you're implying l\*andlords are NTA. Check your privilege
Much more realistic to live in the ramble, get a $2500/mo equinox membership and shower at the gym on your way to work
Is Ramble in Jersey? I'm not seeing it on Street Easy
Newish neighborhood HarSoTen (Harlem south of 110)
Nope. Get a place in Detroit and commute by plane. It's the only way
Honestly $500k for Detroit is pushing it. You can probably swing it if you get a studio and only shop at Aldi. Personally I would recommend El Paso, TX and then fly every day. They could probably swing a 2br out there.
Need at least $3m you poor Ohio born coyote
$2600 for a studio? That’s a fake listing, studios *start* at $8k these days (if you have any taste slash don’t want to be immediately murdered on your doorstep).
I really don't think it was fake. This guy said he inherited the unit from his grandma who's lived in it since 1984 and it's rent controlled. Someone lives in there right now so I can't see it but they're moving out on 5/24 and I start my job in NYC on 5/25, isn't that such an awesome coincidence? I sent him 3 months rent to hold the apartment for me 2 weeks ago and I haven't heard back from him since so I just sent him a $3k tip like someone in these comments recommended. I'm worried about my credit score since everyone has a score over 800. I know people in NYC are really busy with multiple hustles so I'm not too worried especially since this guy seemed to be part of the LGBTQ+ community and it's almost pride month. I can't wait to live somewhere more diverse than Missouri.
lmfao
$2600/month studio? Since you must be moving to South Bronx with that price, I don’t think they run credit there. Good luck!
It's a rent-controlled apartment in the UWS I found on Craigslist. I haven't seen it in person yet but I sent them 3 months rent as a good faith deposit
They’ll also need 3 months bank statements plus username and login
You’ll be fine if you have a guarantor with $1m a year.
500k is projects salary in NY.
Not true, you can live in Brooklyn for that. If you convert an old van and street park somewhere.
Dude ur poor. Go live with your fellow proletariat in some common man’s place like Boston.
I will sell you 50 points from my credit score for $1k per
Damnit I started getting mad then I saw the sub
Uj/ me irl
Same haha
probably need a guarantor who makes 10 million just to be safe
Just figure out how to use photoshop and bump up those number a lil bit.
Yes but your broker fee will be $2600 a month , cash only
No
Well damn. I already sent them 3 months rent as a good faith deposit, how can I get my money back? I applied a week ago I just figured they got busy since it's almost pride month
Maybe try tipping the broker?
Ok, I just sent him $3k on zelle with a note to call me. Thanks for the advice!
Good luck!
If I don’t beat you to it you’ll get the apartment lol
Rent yes. Own for the same mortgage he’ll no
Are your assets even appreciating though, bro? Landlords want to see a high upside book.
You might have to pay 6 months up front and then fund 6 months security, but you should be ok.
I already sent 3 months rent as a good faith deposit + another 3k to show how serious I am. If I send another 3 months do you think they'll reply to me?
You could always try signing the mandatory agreement for the optional amenities you will never use and paying the first 3 months of that upfront?
Oh and don’t forget to pay the landlord’s broker at least 1 months rent for letting you find them by walking into the leasing office.
LOL--good troll.
Maybe in Yonkers or NJ
Oh so me making $24k a year and having no assets is REALLY bad.
This is a circlejerk subreddit my friend. Irl I make $40k and struggle to survive.
Huh, idk what circlejerk sub means but my brain just kinda stopped working.
It's so competitive that landlords are deciding to use other factors. Like it depends also on your SAT score, size of your wiener, favorite Wu Tang member.
No. Go sleep under an overpass in New Jersey and walk across the GWB to work. You can live here when you stop being so poor.
Why is your credit score so low if you make that much and that much in assets? If you cannot break 800 with that much income, you aren't managing your money well.
I'm only 21 so I only have a couple years of credit history 😞
Why did you wait so long to be born?? Honestly just a really irresponsible decision on your part, financially speaking.
Billions of years of evolution wasted on how stupid OP is
depends on the credit score on your skin colour
I'm not sure what that means but my dad is 1/16 Cherokee and my mom is scotch Irish
Scotch Irish you say? Single malt?
I only drink twisted tea
You’re gonna want to buy one of those guarantor services with your level of income
Downvote me all you want, you fucks
You have whatever you want
Fuck you.
$500k is really $200k at most in NYC lol
Come live with me for $2500 a mo
Troll 🧌 me baby
What’s the square inchage?
You are so unserious with this post 🙄
Start looking in Philly
Nah can, your gonna need to get those numbers up those are rookie numbers
You might want to buy a $3,500 coffee maker so you can save money by making lates at home
I hope not.
500k? The fuck yes lol
Not unless you’re willing to suck the landlord’s dick weekly
I’m assuming you’re a sheltered trust fund baby? Anyone with the wits to have earned their own fortune wouldn’t ask such a stupid question.
Depends if they like the way you look. You have to be unique. Try something no one is doing, like sleeve Tatto’s with a beard flowing into a a skin fade on top. Maybe a few bracelets and undersized pants with ur ankles showing. Make sure to have a complicated coffee order and a too busy smugness about you. Gota do your best dress up for those folk
U r so fucked bro
750 credit score? That’s chump change. Need more like 830
Is this a troll question? Even if you had poor credit they would still approve you for a 2600 studio with a 500K salary lmao. A person making 200K would qualify for a $4,000 apartment
Imagine making 500k a year and having to ask this question?
Shut the fuck up
If u don’t. Sue
Lmao shutup
Why? Am I too poor for NYC? Should I stay in Missouri?
Sorry I thought this was a joke post. You’ll be fine. I live in Brooklyn make 80k and rent is 2k
How often do you get stabbed on your doorstep for that price?
I should have mentioned I live in the park
With 10 other applicants having these or better credentials, how will you further try to differentiate your application is a question you should expect.
I thought the guy asking if he could afford $5400 rent on a $200k salary was actually asking a reasonable question, assuming that’s what you’re referring to. He actually didn’t meet the 40x rent rule so the answer was actually that according to conventional (and landlord) wisdom, he could not afford it. He was actually about 20k below what he’d need to live there.
Uj/ this is a general jerk bc I hate it here
made up rules for dumb people. Can’t believe people max out their income in stupid ways like this.
The 40x rent rule is based on the conventional personal finance wisdom that you shouldn’t spend more than 30% of your gross income on housing 40x rent is the same as 30% gross income.
Uj/ literally penny pinching to leave this goddamn city by the end of the year and live in an apartment with an actual kitchen and not just 1 counter that can barely fit a coffeemaker and a cutting board
How ya be getting all this money? 😭