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Rent is high because there is not enough housing.
by digisign 11y ago
Rent is high because there is not enough housing.
- maerF0x0 11y agoNot enough housing because high salaries draw more workers.
- simoncion 11y agoo-O Not enough housing because next to no housing is being built, let alone construction anywhere near the rate required to meet demand. Honestly, $120->150k gross (pessimistically ~$72->90k post-tax) doesn't go all that far when you're paying anywhere from $24,000 [if you're lucky] to $48,000 (or more) per year in rent.