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I thought this was kind of a weak article, or at least not particularly interesting... it's essentially just a bunch of tables with an exclamatory note on the o
by IkmoIkmo 9y ago
I thought this was kind of a weak article, or at least not particularly interesting... it's essentially just a bunch of tables with an exclamatory note on the outliers.
More importantly, I'm missing things like household size and square footage.
I mean, nobody is really interested in a rent prices in and of itself. We're interested in affordability, i.e. how much does it cost to rent per person, or per amount of area.
If you look at the average household size in Utah and Montana for example, and divide median state rent by each, you'll find the median rent per person in the household is $480 and $530 respectively, despite median rent being $1500 and $1270.
i.e., you may think it's less affordable to rent in Montana, but on a per capita basis, it's actually the opposite.
They do mention things like education and income typically being higher in expensive places, making this a one-sided story on affordability, but mostly leave it outside the scope of the analysis. A shame, cause it's interesting stuff!
- Spooky23 9y agoThose aren’t really valid metrics for rent without a lot of controls in the study. People make due when they need to — they cram into whatever space they can afford for 25-40% of income.