Renters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years ago - eviltoast
  • 0110010001100010@lemmy.world
    link
    fedilink
    arrow-up
    127
    arrow-down
    2
    ·
    6 months ago

    I really don’t know how people are existing in today’s hellhole of a capitalistic landscape. I’m fairly lucky with a good-paying job and a lowish house payment. I’m still paying a lot more for food and whatnot than I did before covid.

    • penquin@lemm.ee
      link
      fedilink
      arrow-up
      48
      arrow-down
      2
      ·
      6 months ago

      I always think the same and can’t stop feeling bad. I used to live in an apartment the payment kept creeping up until I said fuck it and bought a house 6 years ago. My mortgage is $1000. People now pay $2000+ a month for an apartment. This is a fucked time to be a renter.

    • shikitohno@lemm.ee
      link
      fedilink
      arrow-up
      24
      ·
      6 months ago

      I think at this point, all of us poors are just crossing our collective fingers and hoping the rent doesn’t go up, we don’t lose our jobs and we don’t have to move for any reason. I’m hoping my landlord turns out to be immortal right now. “Affordable” units in the hood here are going for $3,000+, and you need to make less than the equivalent of minimum wage at a full-time job each to qualify for them. We stumbled our way into a three-bedroom apartment in a nice neighborhood for $2,200/month, and he hasn’t raised the rent at all. The people who lived downstairs before said he charged them the same rent for close to 10 years before they moved out, so hopefully that streak will continue. Just have to worry that he’ll die and whoever inherits the house comes in and jacks up the rent once they can, in which case we’d definitely need to move pretty far away to be able to afford something.

    • TimmyDeanSausage @lemmy.world
      link
      fedilink
      arrow-up
      6
      ·
      6 months ago

      My SO and I live in a 4 bedroom house with 4 other adults in their 30’s. I haven’t had this many roommates since I was 17, but I’m finally making some progress on my ridiculous medical debt. Best country in the world.

    • iopq@lemmy.world
      link
      fedilink
      arrow-up
      1
      arrow-down
      3
      ·
      6 months ago

      Of course you’re paying more, it’s called inflation. You also have a higher income than you did before COVID, but you didn’t mention that