Re:Office Vacancy Rate in San Francisco Just Hit a New High
by addaon on Tuesday October 18, 2022 @11:48AM
(#33249226)
Not sure how you figure? Minimum wage in Illinois comes to $2600/month for 40 hours/week. You're giving them a room in a place where the prevailing rent is clearly over $2000/month, which is hard to price at less than $1000/month (a "two roommates" situation)... so your proposed value package is well over twice the HOA fee.
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Re:Office Vacancy Rate in San Francisco Just Hit a New High
by Retric on Tuesday October 18, 2022 @12:03PM
(#33249508)
Illinois minimum wage is 11$/hour on their website, though I have also seen 12$ listed elsewhere. https://www.illinois.gov/services/service.find-minimum-wage-...
So 11 * 40 * 52 / 12 = 1906$/month + SS.
Re:Office Vacancy Rate in San Francisco Just Hit a New High
by addaon on Tuesday October 18, 2022 @01:30PM
(#33250968)
$15.40 in Chicago, where the housing under discussion is located.
Re:Office Vacancy Rate in San Francisco Just Hit a New High
by Retric on Tuesday October 18, 2022 @03:33PM
(#33252676)
Single employee is 11$/hour in Chicago unless they are a domestic worker.
$15.40 for employers with 21 or more employees (including all domestic workers, regardless of the number employed) $14.50 for employers with 4-20 employees
https://www.chicago.gov/city/en/depts/bacp/supp_info/minimum...
Re:Office Vacancy Rate in San Francisco Just Hit a New High
by meragrin_ on Tuesday October 18, 2022 @12:06PM
(#33249543)
Nah, more than one person pays the HOA fee. Ten people paying put it at $20k a month. $4600 a month is not even a quarter of that.
Re:Office Vacancy Rate in San Francisco Just Hit a New High
by addaon on Tuesday October 18, 2022 @01:51PM
(#33251292)
I think we might be saying the same thing? My reading of the grandparent was that the individual responsibility for the HOA / maintenance fee was outrageous because it "literally" represented approximate CoL for a whole additional human, which just isn't accurate. But the entire point of these collective fees is to pool them and use them for amenities which are not available to individuals. Of course collecting money and spending it represents the ability to pay for labor; that's the dominant cost of most expenses! I'm not too familiar with the Chicago housing market, but in the New York market these fees go to pay full-time salaries for supers, doormen, elevator men, maintenance folk, etc., many of whom also get housing in the building at a reduced or included rate.
Re:Office Vacancy Rate in San Francisco Just Hit a New High
by t-3 on Tuesday October 18, 2022 @12:03PM
(#33249504)
No, it's not. Minimum wage in Illinois is $12/hour. 12 x 40 x 4.3 = 2064.