Chum Posted August 12, 2022 Posted August 12, 2022 1 hour ago, Danzo said: Businesses are begging people to work for them in my part of the country. If you need a job. Are there local places to live that can be afforded with those wages?
Chum Posted August 12, 2022 Posted August 12, 2022 54 minutes ago, ttribe said: And, arguably, the biggest factor in inflation is the disruption to the global supply chain by a worldwide pandemic. Drought, heat and other all-time record weather events seem to eager to do their part.
Danzo Posted August 12, 2022 Posted August 12, 2022 6 minutes ago, Chum said: Are there local places to live that can be afforded with those wages? I know people who buy houses without a problem that make minimum wage and know people make more than six figures who can't afford a house. It depends on what you want and what you are willing to do to get it. (Since I am a tax professional, I have a intimate view of the the finances of a variety of people).
Chum Posted August 12, 2022 Posted August 12, 2022 1 minute ago, Danzo said: I know people who buy houses without a problem that make minimum wage (Since I am a tax professional, I have a intimate view of the the finances of a variety of people). Toss some rough numbers at us. What does buying a house on minimum wage look like? 1
Danzo Posted August 12, 2022 Posted August 12, 2022 (edited) 7 minutes ago, Chum said: Toss some rough numbers at us. What does buying a house on minimum wage look like? For the minimum wage scenario it often looks like this. 1. Start by going in on with someone else to cosign on a house (say a three bedroom house). 2. Live with your family in one room, rent the other three rooms out to other families (you can often get a couple of renters into the garage if you divide it) 3. use the rental income to pay the mortgage and save up for a down payment on another house. 4. Get the next house, rent out the rooms (maybe splurge and take two rooms for your family) 5. After a few years you may end up with 3 or 4 houses. This scenario is common among immigrant families. The often have never made much more than minimum wage and end up quite wealthy. I am not making this up. I help these people with their taxes and am quite aware of how they make and spend their money. Its not for everyone (I certainly don't do it) but its done more often than you might think. Edited August 12, 2022 by Danzo
Chum Posted August 12, 2022 Posted August 12, 2022 3 minutes ago, Danzo said: For the minimum wage scenario it often looks like this. 1. Start by going in on with someone else to cosign on a house (say a three bedroom house). 2. Live with your family in one room, rent the other three rooms out to other families (you can often get a couple of renters into the garage if you divide it) 3. use the rental income to pay the mortgage and save up for a down payment on another house. 4. Get the next house, rent out the rooms (maybe splurge and take two rooms for your family) 5. After a few years you may end up with 3 or 4 houses. This scenario is common among immigrant families. The often have never made much more than minimum wage and end up quite wealthy. I am not making this up. I help these people with their taxes and am quite aware of how they make and spend their money. Its not for everyone (I certainly don't do it) but its done more often than you might think. Step one is getting someone else to cosign for your house loan. Ooof.
Chum Posted August 12, 2022 Posted August 12, 2022 6 minutes ago, Danzo said: For the minimum wage scenario it often looks like this. 1. Start by going in on with someone else to cosign on a house (say a three bedroom house). Its not for everyone (I certainly don't do it) but its done more often than you might think. Okay so let's bring this back to the question at hand. You've invited folks up to work there - folks who now live well away. Where can those new arrivals live, afforded by the wages from those jobs? Is there 600/mo rent there or are those help wanted signs for 80k jobs? How would it work?
Danzo Posted August 12, 2022 Posted August 12, 2022 Just now, Chum said: Step one is getting someone else to cosign for your house loan. Ooof. They seem to find people. One indigenous term from Mexico people use is the concept of Guelaguetza. If you do someone a favor, you are obligated to return the favor with lots of interest. A lot of the time the cosigning of a loan is due to someone else in your family having received a favor from you in the past. If you can't find a co signer the process can be started by renting out an apartment with more than one room.
Calm Posted August 12, 2022 Posted August 12, 2022 14 minutes ago, Danzo said: Live with your family in one room, rent the other three rooms out to other families (you can often get a couple of renters into the garage if you divide it) Is this legal?
Danzo Posted August 13, 2022 Posted August 13, 2022 1 minute ago, Chum said: Okay so let's bring this back to the question at hand. You've invited folks up to work there - folks who now live well away. Where can those new arrivals live, afforded by the wages from those jobs? Is there 600/mo rent there or are those help wanted signs for 80k jobs? How would it work? I am not sure who specifically you are talking about. I am just mentioning that businesses in my part of the woods are looking for workers in many different jobs. Some of which pay more than 80K per year. As usual, the jobs that pay more often require more (in experience, education or willingness to do unpleasant jobs. However, this forum is not the appropriate place for those kinds of specifics. Currently, however in most of the US (and certainly my area) unemployment is low and businesses are trying hard to find workers. I just finally hired someone myself after look for about a year. If someone in particular is looking for a job and a place to live, it would be best to deal with it off line.
Chum Posted August 13, 2022 Posted August 13, 2022 2 minutes ago, Danzo said: They seem to find people. One indigenous term from Mexico people use is the concept of Guelaguetza. If you do someone a favor, you are obligated to return the favor with lots of interest. A lot of the time the cosigning of a loan is due to someone else in your family having received a favor from you in the past. It still sounds like you've got to know someone or be related to someone to get going. 3 minutes ago, Danzo said: If you can't find a co signer the process can be started by renting out an apartment with more than one room. In my experience, landlords allowing subleases aren't that common. One hundred percent of the landlords (prop managers, etc) I did know, explicitly did not allow subleases. Given that we're still in squarely in an extreme rental deficiency, this seems like a super long-shot, going forward.
Danzo Posted August 13, 2022 Posted August 13, 2022 4 minutes ago, Calm said: Is this legal? It's high density housing, what's not to like? Seriously, some places have zoning against this arrangement and some places don't. However most people who take advantage of these living arrangements are grateful to have a place to stay that they can afford. I haven't seen anyone get in trouble for it. (I am sure someone has, just I haven't seen it).
Danzo Posted August 13, 2022 Posted August 13, 2022 2 minutes ago, Chum said: It still sounds like you've got to know someone or be related to someone to get going. In my experience, landlords allowing subleases aren't that common. One hundred percent of the landlords (prop managers, etc) I did know, explicitly did not allow subleases. Given that we're still in squarely in an extreme rental deficiency, this seems like a super long-shot, going forward. In my experience as long as the property is maintained, and the money comes in, many landlords look the other way. We aren't talking about about Beverly Hills. We are probably talking about parts of town you don't visit often.
Calm Posted August 13, 2022 Posted August 13, 2022 (edited) 9 minutes ago, Danzo said: It's high density housing, what's not to like? Seriously, some places have zoning against this arrangement and some places don't. However most people who take advantage of these living arrangements are grateful to have a place to stay that they can afford. I haven't seen anyone get in trouble for it. (I am sure someone has, just I haven't seen it). It is just that we were thinking of renting out our basement to students and found legally we couldn’t even though we live in a way too big of a house, though the realtor neglected to tell us this when we discussed our plans with him (we anticipated our son living with us several years, getting married, and then living a few more years before moving out, and us then renting; son’s plans consisted of doing all that in only two years). Edited August 13, 2022 by Calm
Chum Posted August 13, 2022 Posted August 13, 2022 2 minutes ago, Danzo said: I am not sure who specifically you are talking about. I'm talking about whoever you're talking about 1 hour ago, Danzo said: Businesses are begging people to work for them in my part of the country. If you need a job. I'll pick a son at random. How about #5. He's easy to get on with. He needs a job. I'm sending him your way. "Hi" says #5. Wadda you got for him?
Danzo Posted August 13, 2022 Posted August 13, 2022 (edited) 6 minutes ago, Calm said: It is just that we were thinking of renting out our basement to students and found legally we couldn’t even though we live in a way too big of a house (we anticipated our son living with us several years getting married and then living a few more years, and then renting; son’s plans consisted of doing all that in only two years). Often you might find what is legal and what is allowed are not the same thing. And by legal, what exactly do you mean? Zoning laws? Rules for student housing enforced by the school? Legally it can often be no different than having a roommate that shares rent (or mortgage payments). When I was in college (not BYU) My landlord was another college student that put some money down from a car accident settlement and rented out every room in the five bedroom house (3 beds in the converted garage area) to students to pay the mortgage and make a bit extra. I think you will find that get a roommate (or two or four) is a common way to pay for housing. Edited August 13, 2022 by Danzo
Danzo Posted August 13, 2022 Posted August 13, 2022 4 minutes ago, Chum said: I'm talking about whoever you're talking about I'll pick a son at random. How about #5. He's easy to get on with. He needs a job. I'm sending him your way. "Hi" says #5. Wadda you got for him? What does he know how to do?
Chum Posted August 13, 2022 Posted August 13, 2022 (edited) 9 minutes ago, Danzo said: In my experience as long as the property is maintained, and the money comes in, many landlords look the other way. We aren't talking about about Beverly Hills. We are probably talking about parts of town you don't visit often. I lived in Rosco county, it's a less visited haven. Also one of the biggest homeless communities anywhere. No one there going to sublease tho. And if we're talking about hiding people to avoid eviction, that seems more like a high risk road than a reasonable path to success. That's kind of beyond the scope of crafty planning (which I wholly agree their plan is). God bless the people taking that risk tho. They'll likely need it. Edited August 13, 2022 by Chum 1
Chum Posted August 13, 2022 Posted August 13, 2022 1 minute ago, Danzo said: What does he know how to do? Graphic artist. Not bad either. Video work. Advertising. Zero job experience.
Tacenda Posted August 13, 2022 Posted August 13, 2022 45 minutes ago, Danzo said: I know people who buy houses without a problem that make minimum wage and know people make more than six figures who can't afford a house. It depends on what you want and what you are willing to do to get it. (Since I am a tax professional, I have a intimate view of the the finances of a variety of people). Or what you qualify for, it surprised me how much my son qualified to spend on a home during the heightened housing prices. He is renting to three great renters now, to help with his house payment. I'm surprised that @Calm was told she can't rent to students, unless I misread.
Danzo Posted August 13, 2022 Posted August 13, 2022 Just now, Chum said: Graphic artist. Not bad either. Video work. Advertising. Zero job experience. I personally don't know any openings for graphic artists, but there are openings for roofers and construction. Most people I know who do graphic design work for advertising firms. If he wants to go into accounting and tax, I know people who are desperate for workers I have a meeting on Monday with some to discuss this problems finding qualified workers. Did he just get out of college? Degree? Internships? is he willing to go to a different field or his he committed to graphic design? What area of the country is he in?
Chum Posted August 13, 2022 Posted August 13, 2022 7 minutes ago, Danzo said: If he wants to go into accounting and tax, I know people who are desperate for workers I have a meeting on Monday with some to discuss this problems finding qualified workers. I have one (#2) who completed the H&R block training about 5 years back (wound up processing bankruptcies for an attorney). He's looking for remote work. 8 minutes ago, Danzo said: Did he just get out of college? Degree? Internships? is he willing to go to a different field or his he committed to graphic design? What area of the country is he in? Five completed half his tech college while in HS. Covid kind of blew things up. Upshot is he graduated HS this past Jan and is sched to complete college this spring. He'd consider whatever he could do. Florida.
Danzo Posted August 13, 2022 Posted August 13, 2022 19 minutes ago, Chum said: I have one (#2) who completed the H&R block training about 5 years back (wound up processing bankruptcies for an attorney). He's looking for remote work. Five completed half his tech college while in HS. Covid kind of blew things up. Upshot is he graduated HS this past Jan and is sched to complete college this spring. He'd consider whatever he could do. Florida. I'm in Oregon. For son#2 I would recommend having him sit for the Special Enrollment Examination (SEE) and get his Enrolled Agent License from the IRS. That should enable him to get a Tax Job most places. Add five of years experience and he should be able get a job anywhere, in person or remote. As for son 2, non skilled jobs often start at 20/hour. But I would recommend son training to increase marketability.
rodheadlee Posted August 13, 2022 Posted August 13, 2022 4 hours ago, Danzo said: Businesses are begging people to work for them in my part of the country. If you need a job. Can I get there by sailboat? I have a job offer but it's 800 miles up the coast. My wife and I hate cold weather.
rodheadlee Posted August 13, 2022 Posted August 13, 2022 Not to change the subject but what's up with arming IRS agents? An ad came out that said "must be willing to use deadly force."
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