3 ms·
Okay housing prices are crazy, but 5000% is a bit of a stretch even between the cheapest city's median 1br and the most expensive city's median 1br. I'd say clo
by keerthiko 8y ago
Okay housing prices are crazy, but 5000% is a bit of a stretch even between the cheapest city's median 1br and the most expensive city's median 1br. I'd say closer to 900-1200%.
The problem is compounded by this: while there's a lot of upward mobility in certain industry careers in these cities, the normal-person jobs have roughly the same returns as anywhere else in the country. But the housing doesn't have that kind of distribution, it's heavily skewed to be commensurate with the particularly high income folk.
- astrodust 8y agoIt's still a staggering amount compared to any marginal increase in tax.