No No go back to your boss and ask him what apartments did he find in your budget? He said "how much could one bedroom possibly be" so ask him what his findings were?
Also, let him know that 50% of all people in the USA that are under 30 years old live with their parents.
> 35% of people 18-36
https://www.npr.org/sections/thetwo-way/2016/05/24/479327382/for-first-time-in-130-years-more-young-adults-live-with-parents-than-partners
Which is worse, living with your parents at 29, or living with them at 36?
It'd be nice to think that you might be able to save enough to move out by then... but that's just not true, is it?
Median Individual income is roughly 41K, median rent is 2100 a month. That should leave ~$900 a month after taxes for utilities, car payment, insurance phone, gas, food, etc. So even if someone has saved way more than enough to move out, they'd be burning up all those savings just to live, leaving them in a far worse situation when life happens.
I assume that most people that can afford not to live with their parents, don't.
I do not like corporate jargon but now would be a great moment to ask him to circle back to how you made them 5 million dollars and they don’t pay you enough to live alone.
I’m 32 and still live with my parents. I’m autistic, so I don’t have the mental capacity for a standard full-time position. I currently work a part-time dishwashing job at a local senior care facility. Even with the help I get from Social Security, I still can’t even afford a studio apartment in the crappiest part of town. Existence is pain.
Doesn't get any better until you manage to escape the housing trap.
I'm happy for people who have houses handed to them (family home or have family buy their house for them/big down payment, etc.), but it's also a little infuriating. The difference it makes to your entire life is beyond words. Having to struggle every day for the rest of your life just to be able to afford rent is one of the most depressing things there is.
And those hoarding homes and gouging don't care. They just laugh and sit on their mountains of money.
NGL, I'm turning 40 this year and there's no way I can afford rent/mortgage AND childcare, so I've been renting a couple rooms in my folks' house for 10 years.
https://www.pewresearch.org/short-reads/2020/09/04/a-majority-of-young-adults-in-the-u-s-live-with-their-parents-for-the-first-time-since-the-great-depression/
Its worse now post covid.
>He then goes how much could a one bedroom possibly be near the office? He checks it and all I hear from his desk is “…oh” and he never said anything else.
Yeah. Time to start looking for jobs with better compensation.
A good person would realize they're directly responsible for OPs quality of life and work to correct it so OP can grow and thrive.
OPs boss isn't a good person though and will continue to exploit OP until they quit
"Hey boss, so I was thinking about what you said the other day about apartments, and I'd like to get one. Any chance you can pay me more money?" - Then just stare at him.
Last year when my lease was up for renewal, my landlord declined to renew my lease because I didn't make enough money. He was looking for my salary to be 3X my rent payment. I said, "Hey Asshole, you just raised my rent $500 what did you expect?"
I went to my boss and told him my 2% raise wasn't going to cut it, as I was getting evicted from my apartment because I didn't make enough money. You know what he said? You know exactly what he said.
"That's your problem, not mine". Yes that's what he said.
I quit on the spot. "Problem solved". I had a new, much better paying job within 2 weeks
Glad you had a better job so fast. Lots of people get trapped on that front.
And yea, our company keeps pitching the same vomit. "Yea, housing is bad, but we can't solve that."
Actually, you can. You can pay people enough to work at your fucking office, if you expect employees.
Here it's more like 100% of your paycheck, and the second job drains your soul so you can have enough money to survive to work for the next check to pay rent to....
Ideally, your housing and utilities should be no more than 25% of take home pay. It's fucking insane that people have to pay so much just for a roof over their head.
I (25) take home around 60k a year and still struggle (small town in BC Canada) its getting to the point where it's bloody impossible to get ahead. Your boss is a twat for not realizing that most people in our age group are suffering. Stay with your parents, I would if that was an option for me.
Your boss is not just a condescending jerk, but he's also an idiot about living with parents anyway.
A friend of mine is 15 years out of college and still lives with his parents. He's been investing 60-75% of his pay all this time.
He will easily be able to retire much much sooner than any of our friend group.
Unless your parents are unbearable to live with , you are doing great. You're saving a lot of money and getting that home cooking. Your boss can dig a hole. This is how you get that big boost in life living on your own.
You made the company $5m personally and only take home $65k. Dude you need to leave. You should be making AT LEAST $250k if you’re actually putting up those numbers.
You’re a sales rep? I’ll pay you more to work for me if you’re able to put up numbers like that.
Why would you want to live in an apartment anyway? What is the plus side? You won’t build equity- you won’t save- you’ll just give your money to a massive holding. That’s stupid. Live at home and ( try ) to save to buy property ( probably in a different state)
Firstly, theres nothing wrong with living with parents.
At 30, me and my wife lived under the same roof as her grand mother, grand father, her father, her mother and her sister who is a few years older.
It has honestly been great as we all support each other, and it felt nice to spend time with each other, especially her grandparents who have since passed away. It meant we could support both of them during their passing and they werent alone.
I recall having an Indian friend and a Chinese friend in school who also lived under the same roof with multi generational family members and thought it was weird, but it's a mini community who care and support each other.....so with all due respect, fuck yo boss.
Secondly, work colleagues are NOT your friends. They shouldn't be involved in ANY decision.
There's a famous saying somewhere that explains that you have 3 voices:
1. Your public voice - This is for those you don't know and for those you are aquainted with but have no love for. You don't share your fears or hopes or even personal long term plans with them.
2. Your Private voice - This is reserved for your closest friend/s and family - you share love and hardship with these - these people are the ones you would express what you explained in your post.
3. Your Inner voice - This is only for you - your loong term goals - your deepest feelings and fears.
in summary:
1. you do you with your living situation, but to make it work offer extra support in different ways to repay in kind to your parents (im not saying you already dont).
2. And lastly, set some damn boundaries. all they should know is that youve done x y z for x amount of time and thus deserve a raise. Theres no reason to give them more personal details.
I would have continued staying with my parents longer if they didn't kick me out for the sole reason that they wanted to be able to tell their friends I didn't live there.
I don't know if I'll ever be able to regain respect for them tbh.
Take advantage of your parents generosity. Save up and buy a house with cash. Moving out is free money for landlords and setting yourself up as a debt slaves and a poor man for the rest of your life.
As for your boss, who gives a damn what he has to say.
What a dumbass. My grandparents lived with my great grandparents for several years after they got married, as a whole ass married couple. It’s fine to live with other people. It’s fine to live with your parents.
Okay. Thank you! He mentions Gotham and that’s got to be Chicago right? He can get a studio or 1 bedroom with an easy commute on the train with what he makes. My son lives in a 2 bed, 2 bath for 2.1k in north Chicago… He certainly doesn’t need something bigger and it’s still in the city. No shame in living with his parents, but be honest on cost of an apartment.
If OP makes $66k/year, take home is about $3.2k/month. Rent at $2.1k/month would leave him broke and hungry. Why move to a place you don’t want to live for the privilege of paying rent? Tough love parents cost their children decades learning to survive. Then those same parents are disappointed when their own children don’t want children. Live with parents if you can to save or inherit the property. We’re living in the age of billionaires and techno-serfdom.
I’m not saying he needs to live in a 2.1k home… as I said, that’s a 2 bed, 2 bath. But even a studio or 1 bedroom is affordable and NOT 2.5k like OP states (assuming he is indeed in Chicago). Again, nothing wrong with living at home, at all. I’m questioning the places he is looking at, claiming to be that expensive in Chicago.
I'm at less than 1k for a pretty large studio on the north side. Chicago's rents aren't crazy by any means if you just don't have very very high standards.
Like that's one thing this place is pretty decent on
It's not obvious. Just because he made the company millions doesn't mean *he* gets tens of thousands, etc.
E.g. OP's salary is 75% base 25% commission. That 25% is based on him hitting his sales goals set by the company. So if his goal was $4 million could be he only gets that cushy 66K if he made the company $4 million.
Oh no 😥someone has taken the time to go around giving all my comments negative upvotes, please stop I only have 200k and I don’t know how I will survive. Please stop the torture 🥲🥲. My Roth is in the karma, now I can’t withdraw it. I am investing in the downvotes this time, where are they
Bosses love employees with debt. Smart bosses will always encourage you to spend more and increase your earning power.
Employees with debt don’t jump ship, they show up, get the job done, and don’t complain.
I moved out at 19. It was a struggle 30 years ago when 1b went for $500. Now, it would almost be an impossibility.
However, at 66k+, 25 yo+, its time to take that leap of faith man.
I'm sure "it's time," but if what OP is saying is correct, his actual take home is 4k a month. 1 bedroom apartments go for 2.5k a month. Nowhere will rent to you if you are going to be paying more than 50% of your take home in rent.
Removed - borrowed or stolen post.
No No go back to your boss and ask him what apartments did he find in your budget? He said "how much could one bedroom possibly be" so ask him what his findings were? Also, let him know that 50% of all people in the USA that are under 30 years old live with their parents.
I just moved out at 29 making 85k with help of a huge down payment from my parents on a town house.
Almost literally the only way to own anything anymore. And if your parents can't do that, it's basically GG.
Shit, it's something like 35% of people 18-36...
Do you have stats for this?
> 35% of people 18-36 https://www.npr.org/sections/thetwo-way/2016/05/24/479327382/for-first-time-in-130-years-more-young-adults-live-with-parents-than-partners
That’s from 8 years ago. Those stats have changed drastically since 2020
Yeah, they've gotten worse due to the worse post-lockdown economy
This was 2016 stats. Here is current. https://www.bloomberg.com/news/articles/2023-09-20/nearly-half-of-young-adults-are-living-back-home-with-parents
Which is worse, living with your parents at 29, or living with them at 36? It'd be nice to think that you might be able to save enough to move out by then... but that's just not true, is it?
It’s all a shit show.
Median Individual income is roughly 41K, median rent is 2100 a month. That should leave ~$900 a month after taxes for utilities, car payment, insurance phone, gas, food, etc. So even if someone has saved way more than enough to move out, they'd be burning up all those savings just to live, leaving them in a far worse situation when life happens. I assume that most people that can afford not to live with their parents, don't.
Neither, family is everything, and by that age, most parents are getting older and need the extra help.
Maybe when they're dead and gone I can start a family, too. Sperm is still viable when you're in your 50's, right?
Who says you can't raise a family with parents?
Eligible women.
I do not like corporate jargon but now would be a great moment to ask him to circle back to how you made them 5 million dollars and they don’t pay you enough to live alone.
Correction: You did not recieve a 1% raise you recieved a 3%(or whatever inflation is at these days -1) reduction in purchasing power.
I’m 32 and still live with my parents. I’m autistic, so I don’t have the mental capacity for a standard full-time position. I currently work a part-time dishwashing job at a local senior care facility. Even with the help I get from Social Security, I still can’t even afford a studio apartment in the crappiest part of town. Existence is pain.
Very true. And the other 50% don't have it any better.
The other 50% are living with roommates instead of family and it doesn't stop at 30yo
But the 1% oh man are they living the American dream.
Doesn't get any better until you manage to escape the housing trap. I'm happy for people who have houses handed to them (family home or have family buy their house for them/big down payment, etc.), but it's also a little infuriating. The difference it makes to your entire life is beyond words. Having to struggle every day for the rest of your life just to be able to afford rent is one of the most depressing things there is. And those hoarding homes and gouging don't care. They just laugh and sit on their mountains of money.
I'm 30. My mom and brother rent my basement. Does that count?
yes that does imo cuz they are in the same house
NGL, I'm turning 40 this year and there's no way I can afford rent/mortgage AND childcare, so I've been renting a couple rooms in my folks' house for 10 years.
Got a source for that statistic? That’s a fucking crazy high number. I’d love to read more.
https://www.pewresearch.org/short-reads/2020/09/04/a-majority-of-young-adults-in-the-u-s-live-with-their-parents-for-the-first-time-since-the-great-depression/ Its worse now post covid.
>He then goes how much could a one bedroom possibly be near the office? He checks it and all I hear from his desk is “…oh” and he never said anything else. Yeah. Time to start looking for jobs with better compensation.
A good person would realize they're directly responsible for OPs quality of life and work to correct it so OP can grow and thrive. OPs boss isn't a good person though and will continue to exploit OP until they quit
Yeah, you have to be aware of your employees' situations.
And a better boss.
It's a one bedroom apartment Michael, how much could it cost? Ten dollars?
"Hey boss, so I was thinking about what you said the other day about apartments, and I'd like to get one. Any chance you can pay me more money?" - Then just stare at him.
Right? He's paid 1.32% of the $5,000,000 he brought in. Not like they can't afford to give him a raise.
$5M is probably a sales number, not a profits number, but it's still a valid point.
Last year when my lease was up for renewal, my landlord declined to renew my lease because I didn't make enough money. He was looking for my salary to be 3X my rent payment. I said, "Hey Asshole, you just raised my rent $500 what did you expect?" I went to my boss and told him my 2% raise wasn't going to cut it, as I was getting evicted from my apartment because I didn't make enough money. You know what he said? You know exactly what he said. "That's your problem, not mine". Yes that's what he said. I quit on the spot. "Problem solved". I had a new, much better paying job within 2 weeks
Glad you had a better job so fast. Lots of people get trapped on that front. And yea, our company keeps pitching the same vomit. "Yea, housing is bad, but we can't solve that." Actually, you can. You can pay people enough to work at your fucking office, if you expect employees.
Now that I’m leaving, it is your problem.
The boomer disconnect.
I was 25, when I moved out. That was 30yrs ago,not sure how they manage it now.
We pay 50-60% of our salary on rent. 60% of the country is paycheck to paycheck.
Here it's more like 100% of your paycheck, and the second job drains your soul so you can have enough money to survive to work for the next check to pay rent to....
Ideally, your housing and utilities should be no more than 25% of take home pay. It's fucking insane that people have to pay so much just for a roof over their head.
Its just a banana Micheal. How much could it cost? Ten dollars? Kind of vibes
I (25) take home around 60k a year and still struggle (small town in BC Canada) its getting to the point where it's bloody impossible to get ahead. Your boss is a twat for not realizing that most people in our age group are suffering. Stay with your parents, I would if that was an option for me.
"It's a one-bedroom apartment, Michael. How much could it be? Ten dollars?"
Your boss is not just a condescending jerk, but he's also an idiot about living with parents anyway. A friend of mine is 15 years out of college and still lives with his parents. He's been investing 60-75% of his pay all this time. He will easily be able to retire much much sooner than any of our friend group.
Unless your parents are unbearable to live with , you are doing great. You're saving a lot of money and getting that home cooking. Your boss can dig a hole. This is how you get that big boost in life living on your own.
You made the company $5m personally and only take home $65k. Dude you need to leave. You should be making AT LEAST $250k if you’re actually putting up those numbers. You’re a sales rep? I’ll pay you more to work for me if you’re able to put up numbers like that.
Why would you want to live in an apartment anyway? What is the plus side? You won’t build equity- you won’t save- you’ll just give your money to a massive holding. That’s stupid. Live at home and ( try ) to save to buy property ( probably in a different state)
Firstly, theres nothing wrong with living with parents. At 30, me and my wife lived under the same roof as her grand mother, grand father, her father, her mother and her sister who is a few years older. It has honestly been great as we all support each other, and it felt nice to spend time with each other, especially her grandparents who have since passed away. It meant we could support both of them during their passing and they werent alone. I recall having an Indian friend and a Chinese friend in school who also lived under the same roof with multi generational family members and thought it was weird, but it's a mini community who care and support each other.....so with all due respect, fuck yo boss. Secondly, work colleagues are NOT your friends. They shouldn't be involved in ANY decision. There's a famous saying somewhere that explains that you have 3 voices: 1. Your public voice - This is for those you don't know and for those you are aquainted with but have no love for. You don't share your fears or hopes or even personal long term plans with them. 2. Your Private voice - This is reserved for your closest friend/s and family - you share love and hardship with these - these people are the ones you would express what you explained in your post. 3. Your Inner voice - This is only for you - your loong term goals - your deepest feelings and fears. in summary: 1. you do you with your living situation, but to make it work offer extra support in different ways to repay in kind to your parents (im not saying you already dont). 2. And lastly, set some damn boundaries. all they should know is that youve done x y z for x amount of time and thus deserve a raise. Theres no reason to give them more personal details.
The job search is fucking brutal
I would have continued staying with my parents longer if they didn't kick me out for the sole reason that they wanted to be able to tell their friends I didn't live there. I don't know if I'll ever be able to regain respect for them tbh.
Take advantage of your parents generosity. Save up and buy a house with cash. Moving out is free money for landlords and setting yourself up as a debt slaves and a poor man for the rest of your life. As for your boss, who gives a damn what he has to say.
As a young teacher at a private school in 2003 my boss asked why I lived at home. I said because you only pay me $23k, Lisa!
What a dumbass. My grandparents lived with my great grandparents for several years after they got married, as a whole ass married couple. It’s fine to live with other people. It’s fine to live with your parents.
>highest COL state in the country Highest CoL state is Hawaii. NY is a distant 4th behind MA and CA.
Preach. Oahu here.
What about AK?
Pretty sure they were 5th, just behind NY.
Chicago? Rents aren't that high in much of the city
Okay. Thank you! He mentions Gotham and that’s got to be Chicago right? He can get a studio or 1 bedroom with an easy commute on the train with what he makes. My son lives in a 2 bed, 2 bath for 2.1k in north Chicago… He certainly doesn’t need something bigger and it’s still in the city. No shame in living with his parents, but be honest on cost of an apartment.
If OP makes $66k/year, take home is about $3.2k/month. Rent at $2.1k/month would leave him broke and hungry. Why move to a place you don’t want to live for the privilege of paying rent? Tough love parents cost their children decades learning to survive. Then those same parents are disappointed when their own children don’t want children. Live with parents if you can to save or inherit the property. We’re living in the age of billionaires and techno-serfdom.
I’m not saying he needs to live in a 2.1k home… as I said, that’s a 2 bed, 2 bath. But even a studio or 1 bedroom is affordable and NOT 2.5k like OP states (assuming he is indeed in Chicago). Again, nothing wrong with living at home, at all. I’m questioning the places he is looking at, claiming to be that expensive in Chicago.
I'm at less than 1k for a pretty large studio on the north side. Chicago's rents aren't crazy by any means if you just don't have very very high standards. Like that's one thing this place is pretty decent on
He actually looked it up and changed his mind!!! Wow.
How did you make them the 5million was it commission based
obviously it wasn't commission based.
Where’s the obviously and how did OP know he made the company 5m by himself? Excuse my dumbass
It's not obvious. Just because he made the company millions doesn't mean *he* gets tens of thousands, etc. E.g. OP's salary is 75% base 25% commission. That 25% is based on him hitting his sales goals set by the company. So if his goal was $4 million could be he only gets that cushy 66K if he made the company $4 million.
Correct
Oh no 😥someone has taken the time to go around giving all my comments negative upvotes, please stop I only have 200k and I don’t know how I will survive. Please stop the torture 🥲🥲. My Roth is in the karma, now I can’t withdraw it. I am investing in the downvotes this time, where are they
i gave you one. Profit, friend.
Thanks
Bike racks after school...
Move. Out. Of. That. state.
My boss laughed at me when I was made homeless it’s a shit world we live in
I prefer to call parents “my roommates”
I swear to God it is absolutely infuriating how out of touch with reality people get once they reach boss status.
Bosses love employees with debt. Smart bosses will always encourage you to spend more and increase your earning power. Employees with debt don’t jump ship, they show up, get the job done, and don’t complain.
NDP. Gord Johns has been a great MP, and I'm happy to send him back to Ottawa.
Come work for me and make me $5m. I'll give you 70k.
[удалено]
66k in California is just about enough to buy a shed at Home Depot. I joke, but you need roughly 100k to be "safe" on a single income, here.
If an apt is $2,500/month and the landlord wants your income at 3x rent, you gotta make 90k a year to rent there.
Or you can get a roommate and easily hit the 3x requirement
🤷🏻♂️
I live in Sonoma county and Yh it is expensive I wish I made $66k a year
I moved out at 19. It was a struggle 30 years ago when 1b went for $500. Now, it would almost be an impossibility. However, at 66k+, 25 yo+, its time to take that leap of faith man.
I'm sure "it's time," but if what OP is saying is correct, his actual take home is 4k a month. 1 bedroom apartments go for 2.5k a month. Nowhere will rent to you if you are going to be paying more than 50% of your take home in rent.
And I'm sure skipping the avocado toast will make him a millionaire in 2 years. Fucking boomer math
If you applied for jobs for years and not gotten any call backs, you've got really poor skills or a really poor resume.
Do you do anything but shart?