I really don't know how people are existing in today's hellhole of a capitalistic landscape. I'm fairly lucky with a good-paying job and a lowish house payment. I'm still paying a lot more for food and whatnot than I did before covid.
this post was submitted on 12 May 2024
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I think at this point, all of us poors are just crossing our collective fingers and hoping the rent doesn't go up, we don't lose our jobs and we don't have to move for any reason. I'm hoping my landlord turns out to be immortal right now. "Affordable" units in the hood here are going for $3,000+, and you need to make less than the equivalent of minimum wage at a full-time job each to qualify for them. We stumbled our way into a three-bedroom apartment in a nice neighborhood for $2,200/month, and he hasn't raised the rent at all. The people who lived downstairs before said he charged them the same rent for close to 10 years before they moved out, so hopefully that streak will continue. Just have to worry that he'll die and whoever inherits the house comes in and jacks up the rent once they can, in which case we'd definitely need to move pretty far away to be able to afford something.
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It's a good thing Republicans are NOT trying to make Homelessness ILLEGAL and punishable by PRISON!
And then bill you for your stay on release
Don't you realize? We need more legal slaves.
And just for context, if you work 40 hours a week for $15 (well above minimum wage), your annual pre-tax income is $31,200.
The workers of the US really need unionize. Here in Scandinavia the average pre-tax income is closer to $84,000 with a 36-hour work week. We do however have a higher tax-rate, so that ends up at around $45,000 after taxes. Cost of living is also generally higher that the US. Of course that higher tax gives us free health care and education.
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No War But The Class War
Aren't wars fought by both sides? This seems like something other than "war"
Yes usually they are, but in this particular case one side has rock solid solidarity among people of their side and is very honest and aware of the class war going on and the other (i.e. the 99%) is largely composed of people that get upset and annoyed at you if you point out we are in a war, we both are on the same side, and we are losing the war bad like catastrophically bad.
This looks like it means rent increased smoothly by $300 a month each year, bad enough, but what happened here was that it doubled in one year for many people. Went up by thousands, all at once.
Article behind a paywall
Okay... now they need $20,100 dollars more per year.
Cut the journalists some slack; ChatGPT 4.0 subscriptions can get expensive.
I guess I'm a shit landlord, because I'm still charging the same as 5 years ago.
This is a risky site to admit you're a landlord on xD
a stable tenant is worth more than a few rent increases.
.....Got any openings? 😭
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I can tell you that an average 2-bedroom apartment was about 600USD when I moved to the city I currenlty live in. Today the cheapest apartment in town is 1300USA/month and getting higher. If I hadn't been lucky enough to buy a house when I did, I couldn't afford to live anymore.
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public housing needs to double and the requirements to get on it need to be slashed.
Slashed? No - removed. Then landlords can't make us pay their give mortgages while they retire on our labor.
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The average rent increase was my entire yearly take-home.
The rent for the fanciest apartment I've ever lived in (and ever will) was a little under 10k a year. New building, top floor, massive bathroom with sauna, a big balcony, a storage unit and a covered parking slot for my car all included. Oh and a lake view.
In fucking Narnia I presume
Mid-size city in Finland. I moved away after my relationship ended because 740€/month was too expensive for a single person to pay. The single room apartment in the middle of the city I had before that was around 450€/month.
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I keep reading articles like this. Between rent being too expensive, home prices going through the roof, food prices outpacing wage growth, car and home insurance going up just because it can, utilities getting more expensive, my question is when does it just become too much. The whole thing just screams corporate greed and I’m getting sick of it. I make 60% more than I did 20 years ago and I feel like I’m barely scraping by.
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I'm trying so goddamn hard not to lose all hope
Stay with us comrade. We need you for the revolution.
What revolution lmao? As soon as things get a little bit spicy all the equality hobbiest say it's going too far
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I mean... I'm up in Canada but in one of the highest cost of living cities in the country which isn't as bad as San Francisco or NYC but it's bad...
20k is 1666 a month extra.
The only thing thats gone up $1666 a month more would be a larger house.
Fancy 1 bedrooms are up to 2000-2500 and they were never $334 to 734 even 15 years ago.
Something is wrong with that headline or their math
Rent as a percentage of income. General rule (and what I’m assuming the article is using without getting around the paywall) is 1/3 of your income should be rent. So if the avg rent in 2019 was $1666 and it’s now $2000 you should be making $80k/year instead of $60K.
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Headline: "5 years ago renters needed to make less than $60,000 a year to afford the typical rent; now they need to make almost $80,000"
5 years ago renters needed to make less than $60k, they made $69k. Now they need to make "almost $80k", they make $77k. When you put numbers to it, it seems less stark.
Median household income in 2024 is $77,400.
Median household income in 2019 was $68,700.
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