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30 years ago I did not need to rent a 20m² studio. As a young college student I rented a spacious 750 sq. ft. 1-bedroom, furnished apartment that was more than
by jeffbee 10mo ago
30 years ago I did not need to rent a 20m² studio. As a young college student I rented a spacious 750 sq. ft. 1-bedroom, furnished apartment that was more than affordable on my paycheck from driving a forklift at the pipe yard.
- lifestyleguru 10mo agoCurrently it's impossible to rent 70 sqmt furnished apartment anywhere in the developed world from a warehouse, agriculture, or hospitality job. Maybe if you worked in Amsterdam and lived in Cambodia.
- jeffbee 10mo agoIndeed. We need a lot more small apartments for individuals. It goes against conventional wisdom that we need more "family-sized homes" but in reality every jurisdiction just needs a ton of 1-bed units.
- bryanlarsen 10mo agoToronto overbuilt tiny condos and now prices are down 15% from 2023 peak. Other types of house prices are roughly stable. Hard to draw too many conclusions since "down 15%" is still "way to fricking expensive", but...
- jeffbee 10mo ago"overbuilt" seems editorial. Drive the price to zero. Nobody says that we overproduced potatoes just because they are all ten kilos for a dollar.
- bryanlarsen 10mo agoThey certainly do say that about potatoes in producer contexts.
- jeffbee 10mo agoTrue, but our response (in America) is just to pay off the producers to keep food market prices low.
- bombcar 10mo agoFurnished is doing a lot of work here; local warehouse jobs start at enough to afford a 420sq studio; the 1b would be 750sq ft and barely affordable.
- jeffbee 10mo agoFurnished, at the time, cost almost nothing. It wasn't even furnished by the lessor, it was a separate local furniture company, their monthly was very low and they delivered when you moved in and hauled it off when you moved out, included in the fee.