Saturday, March 6, 2010

Inexpensive Apartments

Life is not always fair and there are quite a few instances where people find out that their financial position may not be as robust as they would like. Take for instance a young woman who is a single mother and suddenly finds herself on her own after a divorce. Or maybe someone who is handicapped and struggling to keep body and soul together doing odd jobs. If these people are in Minnesota, they could well be looking for low income apartments. Yes, it's true that life can give some people a rather raw deal, but there's no point in losing hope or giving up the fight. Life is all about taking up the challenge and not throwing in the towel or giving up.

These are not easy times as the US is faced with conditions akin to the 1930's Great Depression. The financial system is in a mess and thousands of people have lost their jobs and are living on government doles.
It is true that the economic crisis, coupled with oil price fueled inflation have taken their toll on the income levels of so many people who are now searching for affordable rentals. Such people prefer a couple of rooms with certain basis amenities and close proximity to work, reasonably priced schools and discount stores. Many people would not even have enough money for brokerage fees to pay to an estate agent and would rely on online resources or word of mouth information to get cues on where to find cheap 1 bedroom units.

There are some government funded programs under the Home Ownership Programs that give low income groups the opportunity to purchase homes, which are basic and unembellished in nature. If shelter is the requirement, one can certainly do without the frills that go with higher income group housing. There also exist many privately owned apartments where one has to pay only about 30% of monthly income as rentals with the balance being used for food and other basic necessities. When money is scare, you would be surprises how far one can stretch the dollar!