Something, something inelastic demand.
TheAlbatross@lemmy.blahaj.zone 10 months ago
I just signed a new lease on a single family home that went for $3,400 in 2020 and $4,100 in 2024, David.
M0oP0o@mander.xyz 10 months ago
Alk@lemmy.world 10 months ago
I have to buy a house to take care of my aging mom (long story, it’s the best way I promise, I wish it wasn’t), and it will be my wife and I, my sister in law, and my mom with her retirement pay all living in and paying for one house, and we still can’t afford most 3 bedroom houses. Not even in a big city. It’s madness. The 3 non-retirees I listed all make more than minimum wage. It’s infuriating that 3 employed adults can’t afford to house and take care of one single elderly person in the current state of the US.
SuperSynthia@lemmy.world 10 months ago
Funny enough ( not funny at all actually) your old grow up home adjusted for inflation accounts for just under $700k. So they added 900k on top of that. Over two times the price for the same home accounting for inflation