Renters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years ago - eviltoast
“Since pre-pandemic, the income needed to afford rent has increased by 31.5%,” Zillow’s chief economist, Skylar Olsen, wrote yesterday.
  • Plague_Doctor@lemmy.world
    1·
    6 months ago

    Nah, it’s because we don’t tax the wealthy and corporations as the average individual, and let the “market” dictate the price of inelastic sectors ie Healthcare, Food, and Housing.

    • iopq@lemmy.world
      11·
      6 months ago

      Housing is elastic. I lived with my dad until I was like 30 because of housing prices.