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A comment on America’s Covid job-saving programme gave most of its cash to the rich. Parent comment

Re:America’s Covid job-saving programme gave most of its cas... by MisterBastahrd on Tuesday February 01, 2022 @07:42PM (#30171978)
Where does this "normally" occur? A house in my neighborhood would rent for over $3000 a month and cost about $1600 a month in mortgage / insurance / taxes, and that's been my experience when looking at any property anywhere in my entire city.
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Re:America’s Covid job-saving programme gave most of its cas... by giaour on Wednesday February 02, 2022 @12:35PM (#30180877)
Manhattan, Seattle, the Bay Area. I haven't rented anywhere other than that, so I don't know how it works outside of those markets (which are admittedly unique as far as market fundamentals go).

I paid $1400/month for rent on a place in Alameda, CA. The last recorded sale of the property was for ~$400,000 a couple years before I moved in. That mortgage would be ~$2400/month given average interest rates at the time.

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Re:America’s Covid job-saving programme gave most of its cas... by MisterBastahrd on Tuesday February 08, 2022 @11:05AM (#30260082)
That's crazy comparative to most places I've lived. $1400 will get you a 2 bedroom apartment in a run down complex in the DFW area. Right now, $2350 gets you into a doublewide in Alameda.
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