2006-07-05 03:19:34 · 6 answers · asked by TeeWee 2 in Business & Finance ➔ Renting & Real Estate
Gross Income - Gross Expense = Net Income (Or Net Loss)
In a nutshell I've heard ppl talk about CA, NY and other places being "relative" in cost of living.
Fact is most ppl in those areas earn a wages that may be exactly the same as someone in other locations.
So affordable means, how much do you have left over after your expenses.
I know folk who live in "rural" america who can't afford to live; since they live above thier means:)
Figuring the equation above will answer your question and allow you to determine "affordability" no matter where you go
I've lived a lot of places and affordability meant making sure I had a Net Income as opposed to a Net Loss to work from.
2006-07-05 03:35:09 · answer #1 · answered by Clint P 2 · 0⤊ 0⤋
Affordability is a relative term. Places with unusually low cost of living (such as SW MO where I live) tend to have much lower wages than more expensive metropolitan areas. If I found a job in Boston that paid double what I'm currently earning, Boston would be more "affordable" for me.
2006-07-05 10:23:48 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
San Antonio Texas
2006-07-06 03:05:26 · answer #3 · answered by quickthinker 2 · 0⤊ 0⤋
anywhere in rural america. small towns have virtually no property value. a house that would go for a million in a city, you could get for about 200,000 in a small town.
2006-07-05 10:24:41 · answer #4 · answered by deep bass 2 · 0⤊ 0⤋
Brooklyn, New York if you can handle it!
2006-07-05 10:22:13 · answer #5 · answered by Anonymous · 0⤊ 0⤋
where ever you park your car.
2006-07-05 10:23:28 · answer #6 · answered by jayda 1 · 0⤊ 0⤋