Renters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years ago

Comments

• Sanctus@lemmy.world ⁨5⁩ ⁨months⁩ ago

  If you don’t have a home now you soon won’t be able to buy one for a very long time.

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  • tootoughtoremember@lemmy.world ⁨5⁩ ⁨months⁩ ago

    The cost of housing in my city, relative to median wages, is the highest it’s been since interest rates were 18%+, and it ain’t much better in any major city I can find work.

    I think the ship has sailed on that one.

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    • some_guy@lemmy.sdf.org ⁨5⁩ ⁨months⁩ ago

      You don’t need shelter snowflake. /s

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  • funkless_eck@sh.itjust.works ⁨5⁩ ⁨months⁩ ago

    this thought pushed us to buy this year. Some instantly started mocking us for buying while rates are 6% - but nothing I can see on the horizon is going to halve rates in the near future.

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    • Juvyn00b@lemmy.world ⁨5⁩ ⁨months⁩ ago

      And if they do by some strike of luck you can refinance

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  • breakcore@lemmy.world ⁨5⁩ ⁨months⁩ ago

    Yeah, my boyfriend and I are in our mid twenties and still not moved out of his parents’ house, but we just made an offer on a house and it was accepted, so fingers crossed.

    Shit is already so rough, and yet it doesn’t seem like it’ll get better. It’s a shame, really.

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• Dreizehn@kbin.social ⁨5⁩ ⁨months⁩ ago

  US income distribution is on the same level as Russia.

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  • Donebrach@lemmy.world ⁨5⁩ ⁨months⁩ ago

    The two countries: US and Russia.

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• FlashMobOfOne@lemmy.world ⁨5⁩ ⁨months⁩ ago

  This is the stuff I think of whenever someone says “America is the land of the free”.

  We’re really not. We’re the land of working paycheck-to-paycheck. It’s been eight years since we learned that 40,000,000 people can’t afford a sudden $400 expense.

  It’s a shame. This is what’s going to get a legit fascist elected in November.

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  • buzz86us@lemmy.world ⁨5⁩ ⁨months⁩ ago

    Maybe his supposed super cities with VTOL, and affordable housing become a thing? LMAO

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• Zier@fedia.io ⁨5⁩ ⁨months⁩ ago

  That means you would need a $9.61 per hour raise @40 hours a week, 52 weeks a year to get $20,000 before taxes.

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  • christopherius@kbin.social ⁨5⁩ ⁨months⁩ ago

    Good luck getting 40 hours a week

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    • UckyBon@lemmy.world ⁨5⁩ ⁨months⁩ ago

      My yearly income is US$10k. It’s insane.

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• uriel238@lemmy.blahaj.zone ⁨5⁩ ⁨months⁩ ago

  In the meantime, our far-right US Supreme Court is on the verge of allowing cities to criminalize homelessness.

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  • UckyBon@lemmy.world ⁨5⁩ ⁨months⁩ ago

    Wrong. The far right is suggesting it and the mid is allowing it.

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