r/FlorenceKY • u/Apart-Stop5722 • 1d ago
1 bedroom apartments shouldn't be more than $1k.
argument is in the title. it's actually crazy. i moved on my own about 3 years ago at 18 years old with the cheapest rent i could find being $775 (baseboard heaters and window AC units), luckily im able to provide for myself as i have 0 family to help me, so that's really the only motivator to keep going because i have 0 safety cushion aside from my 6 month emergency fund. no renovations or improvements have been made to the complex, nothing has gotten better and thankfully not worse. i know one of you will say that property taxes are a factor in rent price, lets do the math, rent goes up $50 a year, there are 12 units in each building, that's an extra $600 a month per building. there are 9-10 buildings. you're telling me property taxes have been going up $64,800 (on the low side) A YEAR consistently? lets talk income, the cheapest rent here is $950 a month and it's required that you make 3x that in order to live here, that's $2850 before taxes and $17.81 an hour 40 hours a week, how many jobs around here are paying that starting out aside from high turnover rate warehouse jobs and jobs you get after college, not many i'll tell you that. keep in mind that's the cheapest rent before getting roommates and who really wants those.
im done with my rant, thank you for coming to my ted talk. go ahead and give me your bad fake internet points.










