Re:The Places in America Where Most Income Goes to Rent
by surfingtheweb on Wednesday August 08, 2018 @05:16PM
(#17719564)
Is the $2000 amount the monthly rent, or the total purchase price of an apartment in Detroit?
Re:The Places in America Where Most Income Goes to Rent
by throwawayboye on Wednesday August 08, 2018 @05:52PM
(#17719829)
Heh. Monthly rent if you want walls and running water, purchase price if you don’t (be sure to leave extra for the back taxes).
There are affordable rents there, but what you save in rent you pay in car insurance. Michigan has the highest in the nation, and Detroit has the highest in the state. I paid almost $500 per month for mine. The legislature keeps trying to change policy to fix this (as it is ultimately a policy issue), but it usually gets shot down by the GOP who think it goes too far and Democrats who don’t think it goes far enough.