Recent comments in /f/CambridgeMA

SheeEttin t1_ixiu0gu wrote

The rule of thumb is to spend about a third of your gross monthly income on rent. For you that's about $2,361, which should be plenty. I would do the math with a tax calculator for net income and rough out a budget to make sure that it actually works.

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drkr731 t1_ixitkzs wrote

That is very doable with a roommate. I make more now, but when I first moved to Cambridge it was for my entry level job making about 65k with bonus and paying about 1100-1200 in rent with roommates, and it felt comfortable and manageable.

It's most recommended to spend under 30% of take home pay on rent, though realistically many pay more with the cost of living, so I'd say try to stay at around 1300 if possible. You can probably afford a bit more, but I'd advise against getting the nicest place you can and sacrificing your ability to comfortably save.

As some other people have mentioned, you usually need a good chunk of money to get an apartment - first months rent, security deposit, brokers fee etc. You can often avoid a lot of these fees by joining an existing lease with someone looking for a roommate, which is something work considering. There will be lots of new grads/ people in their early-mid 20s looking for roommates in the facebook housing groups

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Helen___Keller t1_ixis3mm wrote

Agree with other commenters but make sure to examine what you consider “decent standard of living”

Urban living with roommates on that salary will be fine. If you start adding expectations of say living in an expensive new building, having in-unit laundry, having a car and a dedicated parking spot, etc, then it’s more questionable.

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__radical OP t1_ixinxhh wrote

Awesome, good to know. Hopefully it doesn’t sound like I’m fishing for praise, I know the starting salary is high but I had an internship this summer in a different area in Mass and 100% of the money I made went to rent, groceries, gas, etc, even though I had roommates. So I’m trying to avoid this again lol

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magnetmonopole t1_ixinp6a wrote

Definitely doable with a roommate.

You should know that you will need to have a decent amount of money saved when it comes time to move— typically people are asked to provide 3-4 months’ rent when signing a lease (first month, security deposit, broker fee, and possibly last month).

One bedroom apartments go for around $3k/month, so a two bedroom will probably be around $3.5k/month.

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Willd26 t1_iximqpw wrote

I make about half of what you do and am living here comfortably with roommates in a nice apartment (and close to town center).

​

$85k is a great starter job for your first year and will allow room to save for the long term. Remember even though there isn't a sign on or annual bonus, the highest pay raises tend to be moving to another job and negotiating your worth. Join the position to add a year or two on your resume, and when you've felt you've gained your skills move to the next job.

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WikiSummarizerBot t1_ixh47n1 wrote

Wine and Spirits Fair Dealing Act

>The Wine and Spirits Fair Dealing Act, also known as the Wirtz Law, was an infamous Illinois state law passed in 1999 that prevented distillers and wineries from changing distributors without "just cause". Distributors stated that the law was required to prevent producers from severing ties with Illinois distributors and "outsourcing" their deals, ostensibly resulting in thousands of job losses throughout the state. After the law was passed, all Illinois distributors raised their prices. The Federal Trade Commission actively lobbied against the law, to no avail.

DRAM price fixing scandal

>In 2002, the United States Department of Justice, under the Sherman Antitrust Act, began a probe into the activities of dynamic random-access memory (DRAM) manufacturers in response to claims by US computer makers, including Dell and Gateway, that inflated DRAM pricing was causing lost profits and hindering their effectiveness in the marketplace. To date, five manufacturers have pleaded guilty to their involvement in an international price-fixing conspiracy between July 1, 1998, and June 15, 2002, including Hynix, Infineon, Micron Technology, Samsung, and Elpida.

Lysine price-fixing conspiracy

>The lysine price-fixing conspiracy was an organized effort during the mid-1990s to raise the price of the animal feed additive lysine. It involved five companies that had commercialized high-tech fermentation technologies, including American company Archer Daniels Midland (ADM), Japanese companies Ajinomoto and Kyowa Hakko Kogyo, and Korean companies Sewon America Inc. and Cheil Jedang Ltd. A criminal investigation resulted in fines and three-year prison sentences for three executives of ADM who colluded with the other companies to fix prices.

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