SeattleRain@lemmy.worldM to

Housing Bubble 2: Return of the Ugly @lemmy.worldEnglish · 6 months ago

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

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

SeattleRain@lemmy.worldM to

Housing Bubble 2: Return of the Ugly @lemmy.worldEnglish · 6 months ago

1

“Since pre-pandemic, the income needed to afford rent has increased by 31.5%,” Zillow’s chief economist, Skylar Olsen, wrote yesterday.

cross-posted from: https://lemmy.world/post/15303533

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

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Got_Bent@lemmy.world
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6 months ago
Somewhat related: last week I saw my old job from 2008 listed online.

Sixteen years later, and the compensation for that job is ten percent LESS today than what I made in 2008.