reply to post by Biigs
My fathers second common law wife, he even now hasn't gotten officially divorced from mom, had a masters degree and made over 50 000, which equates to
36 000 take home as a teacher in williams lake, bc. Ie. 3000 a month.
If you are a single mother, like she was until dad moved in, you may own a house, (she was so proud of that, but she got that from her ex who had some
money, not because she somehow saved up half the down payment in order to have low payments on a 3000 a month income with kids).
If you're a normal person who doesnt have a wealthy ex, then you have to pay rent by todays dollar of 1400-1600 for a house, 1000-1400 for a
townhouse, or 1000 plus for a multi bedroomed apartment.
OR make payments with say 20,000 down of 14000-2200 a month for a house or townhouse in the interior, more in the city.
Well that is almost 2000 a month by the time you figure in costs and energy. If it was 14000, the lowest rate. Actually you need 50 000 down, and a
home that is under 300 000 for that. Taxes and insurance included. And you can't move in without the insurance.
2/3rds income gone and now you can't make ends meet for a family.
GET IT! Because all of us struggling with poverty and families ALL DO.
Poverty line has to do with FAMILY SIZE. A single person would be middle class on 3000 plus a month, though not exactly peachy.
But your rent or payments and utilities are supposed to be 1/3 income in total or you're poor.
edit on 19-8-2013 by Unity_99 because: (no