11–20 of 57 posts
Earlier quoted context omitted.
Has rent ever been 10% of take-home pay of a lower-class laborer anywhere in history? Asking because this goal doesn't seem very achievable, but I could be wrong
it was 2% in the soviet union
Earlier quoted context omitted.
> Still, she added, rents are about 20% higher than pre-pandemic levels, and consumers remain concerned about their financial situation and job security in recent surveys. When people throw around the word shortage what they mean is "availability at a price I'm willing to pay." Same with labor shortages.
That's... the definition of shortage
Earlier quoted context omitted.
Has rent ever been 10% of take-home pay of a lower-class laborer anywhere in history? Asking because this goal doesn't seem very achievable, but I could be wrong
it was 2% in the soviet union
> Demand for housing also remains heavy because Soviet rents, heavily subsidized by the Government, are very low. A modest two‐room apartment will en for 6 to 8 rubles ($8 to $11.30) a month, including some utilities. A four‐room apartment wil rent for 14 to 16 rubles ($18.20 to $22.30). Apartments in more modern buildings cost more because of additional services.
https://www.nytimes.com/1974/11/11/archives/in-soviet-ingenu...
what's a good way to reconcile this with the common narrative that there's a big housing shortage?
> Still, she added, rents are about 20% higher than pre-pandemic levels, and consumers remain concerned about their financial situation and job security in recent surveys. When people throw around the word shortage what they mean is "availability at a price I'm willing to pay." Same with labor shortages.
For the many scores of millions of us, it's "not more than I can possibly pay".
ref: lived thru the 400 applications per day per rental crisis in 2021.
what's a good way to reconcile this with the common narrative that there's a big housing shortage?
> Still, she added, rents are about 20% higher than pre-pandemic levels, and consumers remain concerned about their financial situation and job security in recent surveys. When people throw around the word shortage what they mean is "availability at a price I'm willing to pay." Same with labor shortages.
what's a good way to reconcile this with the common narrative that there's a big housing shortage?
Earlier quoted context omitted.
Rents are still too damn high. The shortage will be over when rent is less than 10% of take home pay for a lower class laborer in NYC.
Has rent ever been 10% of take-home pay of a lower-class laborer anywhere in history? Asking because this goal doesn't seem very achievable, but I could be wrong
Earlier quoted context omitted.
> Still, she added, rents are about 20% higher than pre-pandemic levels, and consumers remain concerned about their financial situation and job security in recent surveys. When people throw around the word shortage what they mean is "availability at a price I'm willing to pay." Same with labor shortages.
That's... the definition of shortage
what's a good way to reconcile this with the common narrative that there's a big housing shortage?
what's a good way to reconcile this with the common narrative that there's a big housing shortage?
> Still, she added, rents are about 20% higher than pre-pandemic levels, and consumers remain concerned about their financial situation and job security in recent surveys. When people throw around the word shortage what they mean is "availability at a price I'm willing to pay." Same with labor shortages.
So we will just have to see if prices continue to drop.