return2ozma@lemmy.world to News@lemmy.world · 7 months agoRenters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years agofortune.comexternal-linkmessage-square135fedilinkarrow-up1757arrow-down19cross-posted to: housing_bubble_2@lemmy.worldaboringdystopia@lemmy.world
arrow-up1748arrow-down1external-linkRenters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years agofortune.comreturn2ozma@lemmy.world to News@lemmy.world · 7 months agomessage-square135fedilinkcross-posted to: housing_bubble_2@lemmy.worldaboringdystopia@lemmy.world
minus-squareRBWells@lemmy.worldlinkfedilinkarrow-up23·7 months agoThis looks like it means rent increased smoothly by $300 a month each year, bad enough, but what happened here was that it doubled in one year for many people. Went up by thousands, all at once.
This looks like it means rent increased smoothly by $300 a month each year, bad enough, but what happened here was that it doubled in one year for many people. Went up by thousands, all at once.