That equates to approximately $7,000 month or about $85,000 per year. I would need to be earning about $5,500-$6,000 after taxes to be able to comfortable afford rent in Los Angeles. Rent is between $1500-$2500 for a 1 bedroom apartment in LA (particularly if I don't want to be raped or shot at, you can look at the higher end). I graduated three years ago, and I still do not earn enough money to feasibly move out on my own, and I have what most would consider a "good job" for the area. Given the cost of housing where I live (Los Angeles), it is wrong for parents to charge rent to their children if that child (adult or otherwise) is still living by their house rules. The max (according to financial advisers) is about 25 percent, with rent being more reasonably about 20 percent! People need to eat or commute to work which costs money. If an 18 year old is in school, is it illegal to charge them rent or ask them to help with bills?įirst off, 35 percent is wrong. That’s such an entitled and spoiled response. I hear 18+ olds children complaining that they don’t have money to go out, entertain, etc., after paying towards household expenses. It’s sad that the American culture divides families. Nobody takes advantage of each other, we protect the elderly and nurture the young. We don’t operate like the American culture. It’s not thought of as a landlord, tenant relationship it’s just being part of the family. However, once I am gainfully employed, I would help with expenses by offering what I could. Another but: we don’t have an age like 18, when things change. If I want anything extra, I would work to pay for that. I was raised in a culture where parents support their children until they are on their own feet, but only the basics.
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