this post was submitted on 18 Oct 2023
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Dude I live in DC. I'm telling you what the reality is here. $1000 will not cover those costs
DC rates atm are average of ~3.5k property taxes, quite low electric rate at 15 cents, gas at ~$1.50
DC's utility rates are extremely low and very affordable, and property taxes are a smidge on the high side but not that high (about $300/month)
So maybe closer to $1,100 instead of $1000
These are hard numbers a person can literally look up, so I have no idea wtf you are talking about, those numbers are very low for a city.
Assuming your numbers are correct, last I checked $1100 > $1000, isn't it? So a $1000 won't cover those costs here.
What is so hard to understand?
So do you think that an estimate going from $1000 to $1100 is definitely in the range of going from "reasonable" to "pure fantasy"?
Sorry mate but you are just out of your depth here. These are reasonable numbers and $1k was a rough estimate I made based on a fair bit of knowledge. The fact I actually was only 10% off from a pure eyeball estimate is pretty damn good imo.
$100 doesnt magically make or break any of what I said when you are dealing with the scale of hundreds of thousands of dollars.
We aren't talking about magical vague numbers here, all of this is stuff you can look up the formulas for and all the numbers are quite public info. Gas prices, electricity rates, tax rates, and entry level home prices are not hard to find.
My numbers in my original post are maybe off by a few % tops. You said it was "pure fantasy" but now we have unequivocally demonstrated my estimates were actually pretty dang close to reality.
These are just straight up numbers you can just plug in and work out, there's nothing really else to it. It doesnt matter where you live, the formulas are the same across pretty much all of Canada, US, the UK, etc.
Banks solved this shit a long time ago, it aint that hard to go find a calculator and work it out.
Again, I live in DC. I don't need to look it up. I literally pay this shit every month.