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In Kansas City (whose cost of living is about 15% lower than the US median, and the home of the first person in the article) a 1br apartment would cost about ha
by falcolas 3y ago
In Kansas City (whose cost of living is about 15% lower than the US median, and the home of the first person in the article) a 1br apartment would cost about half of the $15 an hour wages (pre-tax).
I said it in another comment - inflation (and inflated corporate profits) has hit reality in the US like a truck. We need to adjust our mental models to match the new reality.
- anonymouskimmer 3y agoRhetorical statements from yesteryear: 1) What would you do with a million dollars? Today's answer: Buy a house. 2) You've made it when you're making a six-figure salary. That $100k salary today is closer to a $50k salary in the 1990s.
- falcolas 3y ago> 1) What would you do with a million dollars? > Today's answer: Buy a house. In my hometown, that would put a down payment on a house anywhere in the city limits. The town population is under 100k. -_- Shit's changed so dramatically. Even a mere 15 years ago, you could get a townhome for under $150k. Certainly explains why restaurants are closing for a lack of help - the help can't afford to live within 50+ miles from there.
- anonymouskimmer 3y agoYep. I didn't say you wouldn't have a long commute from your newly purchased house. :)