GodlessCommieM to Late Stage CapitalismEnglish • 1 month agoThey keep our valueimagemessage-square31arrow-up1338arrow-down113cross-posted to: housing_bubble_2
arrow-up1325arrow-down1imageThey keep our valueGodlessCommieM to Late Stage CapitalismEnglish • 1 month agomessage-square31cross-posted to: housing_bubble_2
minus-square@[email protected]linkfedilink6•1 month agoAt some point the trade is going to be less than the cost of rent
minus-square@[email protected]linkfedilink3•1 month agoWell, not quite 22.4 million households who, according to Harvard University’s Joint Center for Housing Studies, pay more than a third of their income in rent. Paying anything above the standard 30% threshold is commonly considered a cost burden. What’s more, 12 million of those renters are severely cost burdened, which means they are spending more than half their income on housing. We are still below 100% for now, for most people, but it will get worse
At some point the trade is going to be less than the cost of rent
That time is now
Well, not quite
We are still below 100% for now, for most people, but it will get worse