Submitted by GraniteGeekNH t3_11day0r in newhampshire
TheMobyDicks t1_ja87y68 wrote
Reply to comment by 1976dave in That 44-unit tiny home development, built by employer who can't keep staff by GraniteGeekNH
> Here's your pay check, I'll have 2/3 of it back now
The 30% rule notes that one should only pay 30% of gross salary for housing. In NH many renters pay WAY more than that. This couple who are building the cottage units in Dover also built an apartment building in Durham with daycare on the first floor for their workers. One option for their workers is to pay 30% of their salary to live there. They are certainly not required to do so, but - considering the cost of living on the seacoast - it's an attractive option. And, by the way, the apartments are spacious, well lit all have balconies over looking the river. It's a really nice place and, if the Randolphs opted to, they could charge a heckuva lot more.
simonhunterhawk t1_ja8enra wrote
It’s becoming the norm for people to pay 50% of their wages or more in rent these days, it’s really fucked. And out of touch boomers will say it’s our fault we can’t afford homes.
BiffWiff t1_ja9cwry wrote
Before the recent rapid inflation, 50% wasn’t so bad. Now it’s really tough.
simonhunterhawk t1_ja9obgp wrote
Yeah i pay for most of our groceries so my roomie can afford his half of the rent. But I make like 50% more than he does so I don’t mind doing it.
1976dave t1_ja8j605 wrote
That's pretty good to hear. Especially if the childcare is included with that, thats an incredible value and its frankly great to see that kind of a solution. I don't know enough to form an opinion on this specific case, in general I think I don't like relying on the benevolence of an employer to provide affordable housing/childcare. This sounds like a local employer with roots in the area, so that probably helps. I hesitate to say this is a good scalable model (meaning vertically integrated employer provides employee housing at a cost) just because i have a hard time thinking the amazons of the world are going to be very benevolent.
Boring_Garbage3476 t1_jaax40n wrote
That how mill owners got to be so rich. Labor was almost free.
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