3 ms·
> It's definitely less than elsewhere - housing is only really bad in coastal blue states esp. CA/NY. Rents in my politically purple region 900+ miles from any
by HeatrayEnjoyer 2y ago
> It's definitely less than elsewhere - housing is only really bad in coastal blue states esp. CA/NY.
Rents in my politically purple region 900+ miles from any coast have increased 100% over the past decade. What I pay now for a 1bd exceeds what I paid for a 2bd in a nicer part of the city when I originally moved here. Rental applications no longer require 3x income, only 2x now; it's just expected that people devote half their gross income on housing.
How anyone not making six digits lives in NYC is beyond me.
- astrange 2y agoCheck the median personal and household incomes over the last decade; both have increased, while household sizes have gotten smaller. As people get richer, they have smaller households - ie, they stop living with their parents. If you don't allow smaller housing units to be built to match this, they will compete for existing ones and drive prices up.