Renters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years ago
https://fortune.com/2024/05/10/housing-market-outlook-renters-need-to-make-more/
https://fortune.com/2024/05/10/housing-market-outlook-renters-need-to-make-more/
15 Comments
Sanctus@lemmy.world · 38 pts · 2y
If you don't have a home now you soon won't be able to buy one for a very long time.
tootoughtoremember@lemmy.world · 17 pts · 2y
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.
some_guy@lemmy.sdf.org · 14 pts · 2y
You don’t need shelter snowflake. /s
funkless_eck@sh.itjust.works · 2 pts · 2y
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.
Juvyn00b@lemmy.world · 2 pts · 2y
And if they do by some stroke of luck you can refinance
breakcore@lemmy.world · 0 pts · 2y
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.
Dreizehn@kbin.social · 28 pts · 2y
US income distribution is on the same level as Russia.
Donebrach@lemmy.world · 0 pts · 2y
The two countries: US and Russia.
FlashMobOfOne@lemmy.world · 24 pts · 2y
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.
buzz86us@lemmy.world · 0 pts · 2y
Maybe his supposed super cities with VTOL, and affordable housing become a thing? LMAO
Zier@fedia.io · 21 pts · 2y
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.
christopherius@kbin.social · 8 pts · 2y
Good luck getting 40 hours a week
UckyBon@lemmy.world · 2 pts · 2y
My yearly income is US$10k. It's insane.
uriel238@lemmy.blahaj.zone · 11 pts · 2y
In the meantime, our far-right US Supreme Court is on the verge of allowing cities to criminalize homelessness.
UckyBon@lemmy.world · 4 pts · 2y
Wrong. The far right is suggesting it and the mid is allowing it.