3 ms·
House prices and rents have also skyrocketed across the Northeast. This is especially crazy (to me) in rural areas and small towns, where I'm starting to see on
by vanilla_nut 4y ago
House prices and rents have also skyrocketed across the Northeast. This is especially crazy (to me) in rural areas and small towns, where I'm starting to see one bedrooms skyrocket above 2k/mo. Whole houses with even a single bathroom rarely drop below 3k/mo. When the average wage in your town is 40-60k, that's clearly unsustainable. These prices aren't that different from what I used to see in the outer boroughs of NYC in 2019!
I'm pessimistic for the same reason as you -- Big Money got a heavy hand. But in the longer term... I don't know, if half the country can't afford rent, at some point you'll see a legitimate revolution. Considering how dangerous those are for the average citizen I would rather the government fixed the situation before it spirals out of control.