2006-12-17 16:18:15 · 8 answers · asked by . 5 in Business & Finance ➔ Renting & Real Estate
Some of those kids have rich parents... or they are racking up all their other expenses on credit cards.
2006-12-17 16:26:13 · answer #1 · answered by Matt Mitch 2 · 1⤊ 0⤋
Most of the teens have roommates. and at a minimum wage full time job, One can make $200 a week or more. thats 800 a month. I know plenty of places where the rent is around $650 a month. Split with the roommate, thats $325 ea. thats leaves $475 a month to split between food and utilities. Alone however, is nearly impossible. Explains why so many teens live off ramen noodles.
2006-12-17 16:54:51 · answer #2 · answered by Breeze 2 · 1⤊ 0⤋
First of all if you have a minimum wage job and need to rent your own place then you probably have to cut back on some things like internet, cell phone, take out food, and drinking. You either spend your money on rent and utilities or you live with your parents and party!
2006-12-17 16:28:18 · answer #3 · answered by freakyallweeky 5 · 0⤊ 0⤋
Most of not all of us live ABOVE our means. Meaning we have more then we need. In houses it means we live in houses that are WAY to expensive for us.
I make around 20 thousans a year and that is in a good year. I do not rent I own my own home. I still have a cell phone, cable and internet and eat out cause I hate to cook at home.
I also have a 16 year old with a one year old baby that still live at home.
Granted to 16 year old works full time is finishing high school and taking prep classes for college.
My car is paid off, my cell phone is a pre paid phone and my internet and cable bill are one bill so I got a deal.
My house at 10% interest is a 30 thousand.
I do not have more then 100$ in the bank and I own NO credit card.
If someone wanted to the could live very well. It just depends on how they want to live. No I could not live in a mansion but my house is very nice and in a very nice middle class town and safe.
2006-12-17 17:51:39 · answer #4 · answered by LadyCatherine 7 · 0⤊ 0⤋
Because not all of us work minimum wage jobs. You make the decision to accept a minimum wage job. If you feel your time isn't worth more than minimum wage, then that's what you get paid.
2006-12-18 03:54:46 · answer #5 · answered by sovereign_carrie 5 · 0⤊ 1⤋
They eat a lot of peanut butter sandwiches.
Seriously, it's really tough and have to budget like crazy, to make ends meet.
Most of the time, Mom and Dad put up the deposit, and more often than not, they have dealt with the rent from time to time, too .
2006-12-17 16:24:35 · answer #6 · answered by Gnome 6 · 1⤊ 0⤋
It has to be a very cheap place until they finish college or try finding a better job
2006-12-17 16:20:44 · answer #7 · answered by vespertine•[Øblivion] 4 · 0⤊ 0⤋
They don't rent their OWN place, they get roommates and share a place.
2006-12-18 01:26:10 · answer #8 · answered by kingstubborn 6 · 0⤊ 2⤋