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Your refutation doesn't address my statement, and I think you continue to undersell the problem. I said housing prices are growing much faster than wages in ne
by shawndrost 7y ago
Your refutation doesn't address my statement, and I think you continue to undersell the problem.
I said housing prices are growing much faster than wages in nearly all of the largest US cities. You responded saying that things are affordable in most cities, citing your map. But to take in example where I have ties, 38% of NOLA pays >50% of income towards housing, up from 24% in 2004 [1]. "Affordable" is in the eye of the beholder, but I have ties in NOLA and I know housing prices are a top issue in politics and daily life.
Those numbers are for Orleans parish, but a) the same trend is true for the broader metro area, and b) if people now have to move to Abita Springs to afford "New Orleans", then my broader point (that it's becoming harder for people to come up by moving to the country's power centers) still seems pertinent.
[1] https://www.datacenterresearch.org/data-resources/who-lives-in-new-orleans-now/#housing-costs-and-affordability,-housing-stock,-and-commuting https://www.datacenterresearch.org/data-resources/who-lives-...