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return2ozma@lemmy.world to News@lemmy.world · 2 years ago

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

fortune.com

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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

fortune.com

return2ozma@lemmy.world to News@lemmy.world · 2 years ago
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“Since pre-pandemic, the income needed to afford rent has increased by 31.5%,” Zillow’s chief economist, Skylar Olsen, wrote yesterday.
  • StereoTrespasser@lemmy.world
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    2 years ago

    Why do people always turn these posts into opportunities to brag about how low their house payment is?

    • Asafum@feddit.nl
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      2 years ago

      I don’t see it as that, it’s just a comparison to show how fucked up things are now.

      Believe me I’m super bitter about being getting fucked on rent and being priced out of buying, but I dont take those kinds of comments as rubbing it in, just providing context.

      • penquin@lemm.ee
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        1 year ago

        deleted by creator

    • penquin@lemm.ee
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      deleted by creator

    • Bytemeister@lemmy.world
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      2 years ago

      Let’s flip it this way. My rent was 1500 a month, and it was going to go up 13% this year. I bought a house this year instead, 2500 a month. In 5 years, that shithole apartment will cost more than my house.

      People aren’t bragging about how low their house payments are, their warning everyone about how shitty apartment price gouging is.

    • DominusOfMegadeus@sh.itjust.works
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      2 years ago

      Agreed. Sign me up for one of these $1000 a month houses please

    • Coreidan@lemmy.world
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      2 years ago

      The human race is truly fucked ain’t it? We are all out for ourselves. Nothing will ever change.

      • Beetlejuice001@lemmy.wtf
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        2 years ago

        What single contributing factor would you say carries the most weight? Throughout history there has been inequality, but never like this. Even medieval peasants worked less than modern Americans.

        • Coreidan@lemmy.world
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          I think it’s our survival instinct to hoard. I don’t think we’ve evolved to live in such a massive civilization. We weren’t meant to live this way.

          I do think this level of equality would exist in older times if they knew they could get away with it.

          However the scale at which we live (the global economy) is so much larger that it’s easier for them to extract and hoard wealth. In older times our communities were much smaller. The consequences for fucking around were a lot higher because it was easier for the poors to hold them accountable.

        • iopq@lemmy.world
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          2 years ago

          Source?

          • Beetlejuice001@lemmy.wtf
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            2 years ago

            https://www.theladders.com/career-advice/the-average-american-worker-puts-in-more-hours-than-a-medieval-peasant

            Edit:lol downvoted for posting a source.

            • iopq@lemmy.world
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              2 years ago

              Thanks, the medieval worker put in much longer work hours, which is interesting

              • Beetlejuice001@lemmy.wtf
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                You must have some reading comprehension problems or you’re simply arguing in bad faith. I suspect it’s the latter

                https://www.adamsmith.org/blog/regulation-industry/medieval-peasants-really-did-not-work-only-150-days-a-year/

                https://www.grunge.com/847151/medieval-peasants-may-have-worked-less-than-modern-americans/

                https://groups.csail.mit.edu/mac/users/rauch/worktime/hours_workweek.html

                https://historycollection.com/medieval-peasants-worked-fewer-hours-than-modern-americans/

                https://allthatsinteresting.com/medieval-peasants-vacation-more

                • iopq@lemmy.world
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                  2 years ago

                  Look at the column for medival worker vs. peasant

                  • Beetlejuice001@lemmy.wtf
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                    2 years ago

                    You cherry pick data to fit your narrative

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