Apartments for Low Income

Questions and Answers

Your Questions About Cheapest Apartments In America

May 19, 2013

Thomas asks…

What is the static in America with homeless here and others in other countries?

Just a thought that I thought about…does anyone have any opinion or thought?

Administrator answers:

When I was a child, there were practically no homeless. One saw a homeless person once or twice a year. The few homeless people one saw were “Skid Row Bums”- usually elderly alcoholics that were too far gone to even think about housing -and they were, it seems, mostly runaways from institutions that wanted to help them. Most down-and-out people had access to pay for the day, cheap hotels and motels; the very worst places were flophouses, which offered a semi-safe place to sleep for a few dollars a night.

Then there was the dumping of the mental institutions and the seriously, persistently mentally ill weren’t given the supports they needed to live in the community. They became the first “homeless.” Freeing them from institutions, which was supposed to improve their lives, had an opposite effect. And people reacted to them with shock, disgust, and horror rather than extending a helping hand.

Real estate suddenly began to soar in cost in the 1980′s. Day by day hotels and flophouses closed down. The “Bums” were pushed out into the street. People reacted to them with shock, disgust, and horror rather than extending a helping hand.

Then, for many reasons -like the crack and AIDS epidemics- we had an explosion of homelessness. Crackheads rarely thought about housing; people with AIDS and HIV were evicted for being ill- or due to the lack of economic or social support, were unable to keep their apartmnts. Sick people were on the streets, in the gutters, laying there like litter. And to my disgust, shock, and horror, people had the “Get a job” attitude- as if anyone really wants to be cold, hungry, dirty, frightened, and exposed to all sorts of human predators.

And regular apartments began to be too expensive. Poor and working class people were no longer able to find housing that cost 1/4 of their income, which is what the government had long determined was a decent and affordable price. As housing became more and more expensive the poor, the working class, and the elderly living on fixed incomes began to be evicted from apartments they could no longer pay for. And how did people react?

In 1988, my rent was $250.00 for a roommate share with 5 other people. That was considered expensive. Now, that same share would be about $800.00. I was able to find my own apartment for $500.00. Now, that apartment would go for about $1,500.00. If I were earning $6.75 an hr, how could I afford an apartment?

Maria asks…

Propane Gas for heating and water?

I found out that the gas that the apartment that I’m looking at is propane and not natural. It has central gas heating and gas water tank. Is this expensive?
Since gas prices are so high, I don’t want to be stuck with a high gas bill.
Well one propane lady told me that it would be $2.68 a gallon.

Administrator answers:

It depends on where you are. The numbers I’m about to give you are for Ontario, Canada, but anywhere in North America I would think the ratios at least are comparable…

For every dollar you would spend heating your home with electricity would cost you $0.93 to heat with propane, $1.35 to heat with oil and only $0.54 to heat with natural gas!

Propane is still cheaper than electricity, but is quite a bit more than NG…

Daniel asks…

Do regional airlines provide pilot a “pilot uniform”?

And how do regional airline pilots buy house with only little annual salary?
And how many flying hours do regional airlines require? more than 1000 hours?(not the minimum hours. The regular flying hours that new pilots have when they get hired.)
Where do they live if they can’t afford a house?
Where do they sleep?

Administrator answers:

The pilots at almost every airline I know of have to pay for their own uniforms (Virgin America is an exception). Skyway airlines paid half. They’ll usually set up a payment plan so it’s not too painful.

Housing is handled the same way every person with a low paying job does it: get a cheap apartment and get a roommate.

The minimum flight hours vary from airline to airline and with the number of pilots that are available. When I started looking in early 2002 most regionals weren’t even hiring – those that were wanted 1,000 – 2,000 hours. A couple of years ago things got so bad with the shortage of pilots that Piedmont was paying a pretty nice signing bonus and Great Lakes only required that you had a commecial ticket with a multi engine rating (that’s pretty scary). The point is that things change based on the supply of pilots available and the hiring demand. Right now it’s pretty grim for pilots. Check out this website for specifics

Joseph asks…

How would you invest this sum of money to ensure a modest income/living abroad?


Assuming someone had 200K to invest abroad ( anywhere in the world ) in order to ensure himself a modest living/income; where and how would you advise them to do so ?

I realize that all over the world there’s a recession etc. although I’ve been considering the Caribbean ( Trinidad and Tobago ) or somewhere in SE Asia.

I’m a single 38 yrs old male and would like to settle somewhere as an expat for good with the above mentioned capital.

Most people have told me that Latin America is not safe, and if someone wants to be in a safe and clean area then they would have to pay European prices ( I’m familiar with this scenario as it happened to me during my visit to the Philippines, fantastic people etc. but if you want a decent and safe place to live, you will be paying European prices ).

The only advantage I see in moving to Latin America is the language ( I speak fluent Italian/Spanish )
and they’re Catholic.

In Asia it’s the opposite, can’t learn the language and can’t read…although I’ve spent a few years as a long term resident in Thailand, with short stays in Cambodia, Laos and Burma.

But what I’m mostly concerned about is HOW to invest the sum mentioned above in a wise manner.
And what kind of activity would you recommend; for example: opening a motorbike rent shop, money exchange, buy property to lease etc. obviously I intend to sink some of that amount to buy my own place to live in, but I am also very open to New ideas.

I hope i was clear and would really appreciate Your insights/advice.

btw, I’m a self-made man with no family or parents.

Administrator answers:

One thing you can do is set up bank accounts in emerging countries. You will get a rather high rate of interest and if you plan on living in that country, you’ll be spending money in that currency anyway (minimizing risk of decline vs USD, EUR, etc).

For instance, Mongolia has some of the highest interest rates in the world, at around 15% for a 1-yr CD. The percentage is not much less if you take monthly interest payments. With $200k, that’s $30k a year, and local tax withholding is around 10% IIRC. (Of course, your home country may want a cut of that, too). You obviously have to do your due diligence on the banks, however, there are a couple that a partially owned by US investment firms and are more liquid than US banks.

In the country of Georgia, US dollar 1-yr CDs are about 7-8% right now depending on when you want to be paid the interest. CDs in the local currency, the lari, are over 10%. Georgia is one of the best managed economies in Europe at the moment, and has drastically lowered taxes.

Obviously, stay away from Argentina (capital controls and crazy socialist running the place), Iran (rapid currency devaluation from global community), and any countries in the crosshairs. Ukraine was offering 17-20% on 1-yr CDs not long ago, but currency experts have estimated their currency will be devalued 8-9% in 2013, cutting into half of your interest. So it’s important to do your homework on the bank.

Of course, if you bank in country A and live in country B and country A’s currency appreciates against country B’s, that’s an extra little bonus.

As far as investing, there are millions of ways to go and it’s hard to answer such a broad question. There are passive ways to invest your money which I’m not at liberty to discuss, but you could certainly invest in a web business or some other geographically neutral business that could be run from the road. Obviously no employees is best. If you have some web skills, do some research on creating a product or service that’s in demand. Although I don’t think you’d need $200k to start that kind of business. It’s more of a time investment than anything else.

As far as living, first-world standards anywhere are going to be expensive. If you’re from the US, you may well pay more in most places. It’s possible to live for $500 a month and I know people who do it, but they’re young, adventurous, have roommates, and enjoy the frugality of it because they’re constantly on the go. I’d recommend southeast Asia; they speak decent English in the Philippines and it’s pretty cheap. A quality 1-bedroom apartment in Makati will still run USD$750-1250/month but taxis, food, etc. Are cheap if you can live somewhat like a local. Fun stuff like massages are $6-10. As you know, Vietnam for one is cheaper.

I would stay clear of the Caribbean because every rich guy from around the world is buying the luxury property in many places there. Unless you want to live in crime-ridden Jamaica with the locals, you won’t save much. Now, getting a second citizenship from a Caribbean country? That I could go for.

Helen asks…

How much does University cost in America?

1. Why do Americans call University a ‘college’ when it clearly states ‘Harvard University’, or ‘Yale University’.

2. I’m interested in doing a finance degree in either Miami, LA, NY, Arizona, or Texas. What would be the cheapest I could pay per year for tuition only. Assuming the ‘college’ (university) was like one of those ‘party’ universities you see in the movies. Or anything just not run-down. Thanks

Administrator answers:

1. People refer to “college” as any other higher-education facility that is beyond high school. It is mostly just a slang term to the word University. If someone says they are in “college,” they mean that they are beyond high school and on their way to taking classes to receive a degree in some chosen field.

2. I haven’t personally been to any universities in Miami, LA, NY, Arizona or Texas…but I would take into account the climate of the school you wish to attend. Some other factors that could help in deciding would be:
-Cost of Living in that state – for a cheap apartment or on campus housing
-Cost of food in that area of the country
-Tuition (like you stated before)
-How much financial aid you could be receiving in comparison to all of the schools
-How far away it is from home, How much money it will cost to travel
-How large the city is (…Safety, Atmosphere, Will you need a car)

I hope this helps in some way! Best of luck in your decision!

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