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Like Alexandria Ocasio-Cortez, many Americans can not afford an apartment when they go to work

Like Alexandria Ocasio-Cortez, many Americans can not afford an apartment when they go to work

At the age of 29, Alexandria Ocasio-Cortez is perhaps the youngest woman ever chosen to serve in Congress. But that does not mean that she is free from the hardships faced by Americans who have a salary to pay their wages.

Ocasio-Cortez, who shocked observers when they were the Democratic political veteran Rep. Joe Crowley defeated her general election in the House of Representatives during a primary race in June, describing her current financial concerns in an interview with The New York Times this week.

Americans are moving to new cities at the lowest rate since the Second World War.

"I have three months without a salary before I am a member of Congress," said Ocasio-Cortez. "So, how do I get an apartment?"

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she argued that the need to get away from squirrels in order to save for an apartment in Washington, DC, is one of the "many small ways our election system is not even designed (or prepared) for working-class people. & # 39;

Numerous people on social media said they were related to the problems of Ocasio-Cortez – and some even offered her a place to stay.

The hardships of the congress women are indeed known by many Americans who are just starting their careers and struggling to pay for housing. "If you are a person who leaves the university and does not have any savings, these can be things that seriously affect your decision-making on what you do with your career and where you can move," says Chris Salviati, housing economist at real estate. website Apartment List.

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Over the past two decades, rents have increased by 61%, while incomes for younger households have risen only 31%, according to a survey with the apartment list. That explains why 7.9% of non-student millennials receive financial support from family members to pay their rent. An investigation by Zillow

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estimated that 22.5% of millennials live with their parents at home.

Moreover, socioeconomic status influences the reasons people choose to move. People with a university degree are more likely to move for a job, while people without higher education tend to move to something that is more affordable, according to another study in the list of apartments.

Americans move to the lowest place since World War II, with just over 11% of people moving in 2016 down from about 20% in the 1980s. And factors such as restrictive land use laws, which have increased coastal costs in particular, have made it much more difficult for people with less financial resources to take a step.

Some claim that the decline in mobility among Americans is exacerbating even the growing gap in wealth between the richest and poorest Americans.

But workers in certain sectors, such as technology or, yes, the government, are more likely to be confronted with the need to move to a new city for work, said Salviati. "If you are an employee working in these industries, you need to think about how likely it is that you should take one of these steps," he said.

Read more: Less than 20% of the apartments are affordable for black tenants with an average income

These are some ways in which Ocasio-Cortez and others can reduce the financial burden on the work:

Build an emergency reserve in advance

Moving is not cheap. Paying a company to move the articles of a two-bedroom apartment within the same city costs somewhere between $ 400 and $ 700, according to HomeAdvisor estimates. Moving through the country is exponentially more expensive.

And that is just a piece of the puzzle. "Whether you buy and face the costs of closing or renting and get a deposit plus the option to step in or for facilities, you will have to be prepared for these surprises," said Danielle Hale, chief economist at Realtor.com .

As a consequence, employees should consider setting aside money in their emergency funds in case they ever have to work for their work, especially if they work in a high-turnover sector.

Study your new housing market as much as possible in advance

The housing market of each city is different. In New York, having a real estate agent may be a necessity. In Washington, D.C., however, many buildings will bring their own apartments to the market.

Zillow senior economist Aaron Terrazas recommends that potential re-locaters take between two and three months to study lists on real estate websites to learn which types of units are on the market and how quickly they are cleaned up.

This information is useful not only for finding a place to live, but also for negotiating a lower price. "When it comes to negotiating, the most important point is to have your heartbeat on the market," said Terrazas. "That way you have an idea of ​​what the prices are reasonable."

Be wary of fraudulent lists, especially if it looks very much

More than 5 million national tenants have lost money in rent swindles, according to Apartment List. Movers are one of the most susceptible to rent fraud because they often have to choose housing in cities that they do not know well, sight unseen.

"If you are not familiar with the city [where] you're looking forward to a higher risk of ending up on a fraudulent list, "Salviati said, every time someone asks you to capture a kind of payment method unseen, that's a red flag you're must pay attention. "

Also see: Millennials spend a dizzying amount of rent by the time they are 30

Consider short-term accommodation options or roommates

Because searching for personal living space is recommended, many experts suggest that movers consider finding short-term properties, for example through a site like Airbnb or by crashing with a friend. Although this can be costly, it will allow the person to get a feel for their new city, decide in which neighborhood they want to live and negotiate personally to get the best deal.

And in cities like Washington is a better option for people who have problems finding a home, searching for roommates instead of their own apartment. "One of the unique features of D.C. unlike New York is this culture of group life," said Terrazas. "It attracts so many smart, talented young people that there is a culture of shared living space."

Many members of Congress choose to live together, given the high cost of staying in D.C. and one in their home district. Representative Carolyn Maloney, a Democrat who represents New York's 12th Congress District, rents rooms in a City Hall that she owns in Southeast Washington from her fellow Democratic congressional women.

Another possibility: living as if you were back at the university. "In large technical hubs such as San Francisco, there are dormitory-like rooms with shared bathrooms and kitchens that charge much cheaper rental costs," says Crystal Chen, data analyst for real estate website Zumper.

Ask your new employer for a salary deposit or compensation for moving expenses

An advantage of today's competitive job market: employers may be willing to make more concessions to attract the best talent. "If you're looking for work, see if you can get an upfront bonus to help you through these expenses," Hale said. "In addition, a letter from your employer about your new salary will help you qualify for both an apartment and a house."

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