SeattleRain@lemmy.worldM to

Housing Bubble 2: Return of the Ugly @lemmy.worldEnglish · 7 months ago

Renters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years ago

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Renters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years ago

SeattleRain@lemmy.worldM to

Housing Bubble 2: Return of the Ugly @lemmy.worldEnglish · 7 months ago

2

“Since pre-pandemic, the income needed to afford rent has increased by 31.5%,” Zillow’s chief economist, Skylar Olsen, wrote yesterday.

cross-posted from: https://lemmy.world/post/15303533

Renters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years ago

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Potatos_are_not_friends@lemmy.world
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7 months ago
My apt from 2016 went from $1250 to $2000 a month in five years. Nothing has changed. I moved during the first increase and been keeping tabs.