Renters need to make 36% more than in pre-COVID years to afford today’s average rent, Zillow says
https://www.businessinsider.com/high-rent-costs-renters-rental-housing-market-affordability-income-prices-2024-5
by Maxwellsdemon17
Renters need to make 36% more than in pre-COVID years to afford today’s average rent, Zillow says
https://www.businessinsider.com/high-rent-costs-renters-rental-housing-market-affordability-income-prices-2024-5
by Maxwellsdemon17
3 comments
The end result of corporations buying up single-family homes, packaging them together as “bonds” and farming them out to rental companies to handle the rental headaches.
When corporations take things over like this, do we really think prices will *go down?*
> “The limitation of governmental powers, of governmental action, means the enslavement of the people by the great corporations who can only be held in check through the extension of governmental power.” — Republican US president Theodore (Teddy) Roosevelt.
YMMV. My rent has gone up 4% *in total* since pre-COVID.
Skyrocketing rents and lack of affordable housing are the direct driver for homelessness at this point, and that connection is obvious and ever more stark given the huge increases in affording a place to live that have happened in the last few years.