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[email protected] • 2 months ago

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

cross-posted to:
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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

@[email protected] to

[email protected] • 2 months ago

cross-posted to:
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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.

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1•2 months ago
Yes, but my point is not everyone should be equal, everyone should have enough money to live

Those are very different goals
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  1•2 months ago
  Did I say we should make everyone live on the exact same income?
  
  For giggles though if we distributed our GDP equally it would be about 106,000 after the government budget is taken out. And that’s without accounting for not having to pay Medicaid/SSI/SSDI/etc… anymore.

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