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Given that the average price of a one-bedroom apartment in the area has risen beyond $3,000 per month,
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a school district in the San Francisco Bay area has invited parents to have a spare room to think about renting it out to teachers.
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The Milpitas Unified School District, which runs from San Jose to Fremont along the edge of Silicon Valley, e
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employs 941 people, but they are having trouble retaining teachers due to the lack of affordable housing.
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The district's teachers make between $67,163 and $111,410 annually, so even the highest-paid ones would not be able to afford the $3,000 rent.
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The majority of landlords demand that a tenant make 40 times the monthly rent,
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therefore the top earner might rent a home valued at $2,785, while landlords would only rent an apartment to the lowest-earning teachers valued at a maximum of $1,679 per month.
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The school system informed parents via a school communication app that seven teachers left the district for more affordable towns outside the area during the previous academic year.