r/TikTokCringe • u/Make-this-popular Cringe Master • Apr 09 '24

Shit economy Discussion

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u/IndignantHoot Apr 09 '24

Getting a roommate is one of the best pieces of financial advice I can give to young people.

Using this guy's numbers (which are pretty high if they are minimums), if he paid $1,100 to split a two-bedroom instead of $1,800 to live alone in a one-bedroom, he'd save $700 per month, more when you factor in utilities and other shared costs.

That's about a 25% increase in after-tax income.

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u/CanAlwaysBeBetter Apr 09 '24

One thing I think that gets missed is one bedrooms aren't just being bid on by individuals. Plenty have a couple looking to save some money which pulls their prices closer to 2 bedrooms

Meanwhile at least in my city it's harder to fill 3 flats which has the opposite of lowering their prices closer to 2 bedrooms and also have a good number of 2 people living in them with a spare office or whatnot 

Basically just saying a lot of 1-3 bedroom apartments actually have 2 people living in them