3 ms·
One can only balk so much at the cost of housing, energy, and food, before one is homeless, cold, and hungry. Housing has been hard to balk at for a decade for
by deathanatos 4y ago
One can only balk so much at the cost of housing, energy, and food, before one is homeless, cold, and hungry.
Housing has been hard to balk at for a decade for the same reason that nobody politically wants to address: a lack of supply in the market. Renters are now doubly stuck in renting, as home ownership as an alternative market is now rendered unaffordable by spiking mortgage rates. (I.e., the very "demand destruction" the fed desired. And my landlord knows it!)
Energy prices are spiking due to … a lack of supply in the market.
Still, the rate is allegedly +7% YoY, apparently, and my rent goes up +9.5% YoY "due to economic conditions", and my salary is -1% YoY.