Monday, July 23, 2012

Could Ted afford his apartment? Probably not.

In the movie Ted (one that I am embarrassed to say I rather liked), Ted has a minimum wage job as a checker.  In Massachusetts, that means he makes $8 an hour, or around $1360 a month (I assume 4.25 weeks per month and no overtime). 

His apartment in Boston is pretty bad, so I am going to put it at the 25th percentile of the rent distribution, which puts it at around $750 per month.  This means Ted is spending far more than  half his money on his apartment (so I am not sure where he is getting his, ahem, beer money from).


felixshelsher said...

When people want to invest money in real estate then they check all possibilities around real estate property. People always want to buy property in affordable rate.

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kris_ said...

Some renters out there like those of apartments in new Orleans LA. may be in this scenario. So, they probably could afford to busy some things like beer because they're sharing rent with a roommate which would of course lower the cost of what they have to pay.

Unknown said...

Apartment is the best property for investment and people can also give that apartment on rent. People can afford rent because they can share apartment with other people.

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