4 ms·
I wouldn’t call it “demonizing”, per se, but it’s a real phenomenon. I live in Brooklyn where rent isn’t the cheapest. The rents aren’t driven up because I’m i
by bhupy 6y ago
I wouldn’t call it “demonizing”, per se, but it’s a real phenomenon.
I live in Brooklyn where rent isn’t the cheapest. The rents aren’t driven up because I’m in a bidding war with Jeff Bezos; they’re driven up because I’m in a bidding war with other high earning millennial yuppies. The blue collar “middle class” worker doesn’t stand a chance in our neighborhood.
In contrast, my folks live in Wisconsin, where the same blue collar “middle class” worker probably doesn’t care about rent bidding wars because they just put a down payment on a nice starter home.
- flashgordon 6y agoI agree demonizing is a strong characterisation. What would you suggest is the solution for these "ridiculous" salaries impacting the middle class? (Not considering the high real estate prices also disproportionately contributing to property taxes).