Richard's Real Estate and Urban Economics Blog: Could Ted afford ...

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).

Source: http://real-estate-and-urban.blogspot.com/2012/07/could-ted-afford-his-apartment-probably.html

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