4 ms·
That was New York, now it's everywhere.
by wvenable 3y ago
That was New York, now it's everywhere.
- pierat 3y agoRents 10y ago (here) were around $450/no for a decent 1br apartment in my city. They're now bordering up to $2000/mo . In fact, there's people who moved here from NYC, and are moving back because it's easier to work decent jobs and pay rent in NYC. And you can pay rent on time $1000/mo for 10 years, and it's absolutely no proof that you can pay a $1000/mo mortgage. The boomers didn't have to deal with "credit" but we do now. Again, all these systems are stacked against you and everyone else. It's all one big massive scam. It's the American psychosis, that hard work gets you somewhere. And for many, hard work is low pay, a torn up body, and you die.
- PaulDavisThe1st 3y agoWell, rather importantly, not everywhere. Yes, pretty much every metropolitan area that has any level of desirability as a place to live is like that now. But that still leaves large areas of the country in a very different situation. That doesn't describe the lives of many people, because these tend to be low population density areas. But they exist, and their "exceptionalism" might end up providing an arrow into the future just as unaffordable metros did in the 1980s.