View Poll Results: Can you live on Minimum Wage

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  • Yes

    30 40.54%
  • No

    44 59.46%
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Thread: Can you live on Minimum Wage

  1. #101
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    Re: Can you live on Minimum Wage

    Quote Originally Posted by specklebang View Post
    Lived there for a year and the COL is incomprehensible. I moved back to Vegas and I'm never leaving again.
    It certainly ain't cheap here. In my opinion it's worth the expense to live in a city with some of the best nightlife, restaurants, and cultural centers in the world. Not to mention the seemingly endless supply of smart, well-educated hot girls. I'm starting to suspect they grow them in a vat somewhere, then release them into the wild with a gym membership and a pair of yoga pants.

  2. #102
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    Re: Can you live on Minimum Wage

    Quote Originally Posted by Aderleth View Post
    Oh I believe you. I'm just surprised. Vegas being an urban environment and all. In SF you're lucky to find a studio for $1200 or so. I think the median price for a 1 bedroom is around $2k, depending on the neighborhood. If you ever want to give yourself a heart attack, browse the craigslist ads in SF.
    yeah, SF sucks ass. friend of my wife lives there and she and her husband have a house that is in the 700K range. same house in my area would go for around 30K
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  3. #103
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    Re: Can you live on Minimum Wage

    Quote Originally Posted by OscarB63 View Post
    yeah, SF sucks ass. friend of my wife lives there and she and her husband have a house that is in the 700K range. same house in my area would go for around 30K


    It's certainly pricey here, but again: there are reasons for that. Lots of demand + small amount of livable land = high housing prices. Again, it's worth it for the many, many advantages of living in a large, extremely cosmopolitan city.

  4. #104
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    Re: Can you live on Minimum Wage

    Quote Originally Posted by OscarB63 View Post
    yeah, SF sucks ass. friend of my wife lives there and she and her husband have a house that is in the 700K range. same house in my area would go for around 30K
    It might not be worth it to you but it is some people. I would rather live a downtown condo in Toronto or Vancouver than in the country, small town, or suburb.

  5. #105
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    Re: Can you live on Minimum Wage

    Quote Originally Posted by 0bserver92 View Post
    It might not be worth it to you but it is some people. I would rather live a downtown condo in Toronto or Vancouver than in the country, small town, or suburb.
    sorry dude, but it isn't worth over 600K to live in downtown SF than in smalltown USA...at least not to me. I can buy a lot of "big city experience" for 600K
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  6. #106
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    Re: Can you live on Minimum Wage

    Quote Originally Posted by OscarB63 View Post
    you man up and stop being a bitch. when i was 24 years old i worked construction ($6/hr in the late 80s) 14-16 hours a day 5 days a week (MWFSS) and went to college on Tuesdays and Thursdays. my wife, i and two kids lived in a crappy 3 room apartment over a copier shop and lived off beans, rice and whatever veggies we could grow in window boxes. i did this for a year and a half until i graduated and got a job that paid better.
    I lived in a hole in the road with twelve brothers and worked 25 hours a day at mill..... Not everyone is as capable as you, has the intellect, or the drive, whatever. Minimum wage might be an aspiration for some. A civilised society cares for those at the bottom.
    In the present economic climate, there will be many unemployed who are overqualified for minimum wage jobs, but have no option since that is the only work that's hiring.
    Last edited by Manc Skipper; 12-18-12 at 07:41 PM.
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    Re: Can you live on Minimum Wage

    In some places minimum wage comes with health insurance, and in some places not. That
    would be a significant factor. In my former business I paid a woman $11.75 an hour with
    a stipulation that if she took less than 3 weeks off a year she got a $2k IRA contribution from
    me on July 1; I paid that each of the three years she worked for me. She did this well into
    2010 beyond my ownership of the business and late in 2010 on income of $12 an hour,
    with two kids, no dad, and helpful parents she put her life savings into a $99,000 home in
    central CA. She put $24k down, paid about $2k more in other costs, and has mortgage of
    $400 a month. Taxes, insurance, local utilities (not electric) put her cost of housing at
    less than $700 - far below the $925 rent she was paying for an apartment. She's always
    had fellow co workers living with her on room rentals - and I think she still does.

  8. #108
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    Re: Can you live on Minimum Wage

    Quote Originally Posted by OscarB63 View Post
    sorry dude, but it isn't worth over 600K to live in downtown SF than in smalltown USA...at least not to me. I can buy a lot of "big city experience" for 600K
    Like I said to you it might not be but to others it is. I would rather pay the cost to live in a big city because well small towns suck, the country is practically hell, and the suburbs are boring.

  9. #109
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    Re: Can you live on Minimum Wage

    Quote Originally Posted by OscarB63 View Post
    sorry dude, but it isn't worth over 600K to live in downtown SF than in smalltown USA...at least not to me. I can buy a lot of "big city experience" for 600K
    1) Nobody owns a home in downtown SF. There aren't any. It's all apartments.

    2) Visiting a city is not remotely the same as living in one. There're many, many things that I have at my fingertips all the time that you just don't.

    3) Luxuries and commodities aside, it's also generally easier to make a good living in a large urban environment with a thriving economy than it is to do so in a small town.

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    Re: Can you live on Minimum Wage

    Quote Originally Posted by Aderleth View Post
    1) Nobody owns a home in downtown SF. There aren't any. It's all apartments.

    2) Visiting a city is not remotely the same as living in one. There're many, many things that I have at my fingertips all the time that you just don't.

    3) Luxuries and commodities aside, it's also generally easier to make a good living in a large urban environment with a thriving economy than it is to do so in a small town.
    Are condos not a thing in San Francisco? In Toronto there has been a condo boom lately driving prices skyrocketing.

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