Wages in America Are Too Low for the 30% Rule to Work for Renters Anymore
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Re: Wages in America Are Too Low for the 30% Rule to Work for Renters Anymore
#2Is it the wages or that shitty one bedroom apartments go for $2000+
Re: Wages in America Are Too Low for the 30% Rule to Work for Renters Anymore
#3Not really. Rent is too high. It's not a problem unique to America. Rents in Munich, for example, have also doubled since 2012. A three-room apartment often costs between €2,200 and €2,700 per month in this city. For reference, that's close to an entire net salary for many, even for someone in the top 20% of earners in Germany, where salaries are relatively low and taxes are high. The median net income here is around €2,200 per month.
This has been a key factor in my fiancée's and my decision to move away, as it's simply unsustainable for families with children.
Re: Wages in America Are Too Low for the 30% Rule to Work for Renters Anymore
#4[flagged]
Re: Wages in America Are Too Low for the 30% Rule to Work for Renters Anymore
#5Is it the wages or that shitty one bedroom apartments go for $2000+
one bedroom (and living alone) is a luxury and always has been
Re: Wages in America Are Too Low for the 30% Rule to Work for Renters Anymore
#6Is it the wages or that shitty one bedroom apartments go for $2000+
Why not both? Wages are too low and rents are too high.
The common factor: the capital class screwing over the working class.
Re: Wages in America Are Too Low for the 30% Rule to Work for Renters Anymore
#7Not really. Rent is too high. It's not a problem unique to America. Rents in Munich, for example, have also doubled since 2012. A three-room apartment often costs between €2,200 and €2,700 per month in this city. For reference, that's close to an entire net salary for many, even for someone in the top 20% of earners in Germany, where salaries are relatively low and taxes are high. The median net income here is around…
Both numbers matter though. Something is unaffordable only when you can compare the price and income.
Re: Wages in America Are Too Low for the 30% Rule to Work for Renters Anymore
#8Not really. Rent is too high. It's not a problem unique to America. Rents in Munich, for example, have also doubled since 2012. A three-room apartment often costs between €2,200 and €2,700 per month in this city. For reference, that's close to an entire net salary for many, even for someone in the top 20% of earners in Germany, where salaries are relatively low and taxes are high. The median net income here is around…
That doesn’t really make sense with the point of the article being that someone could be spending less than 30% of their income on rent and still not have enough for their other expenses. If it was just rent being too high they would be over 30%. The suggestion here seems to be every expense is too high that even if you find the most dirt cheap sharehouse to reduce rent, you still might struggle.
Re: Wages in America Are Too Low for the 30% Rule to Work for Renters Anymore
#9[flagged]
> You know even on 2008 Krugman, who is known for making predictions that end up being wrong, was saying immigration depressed wages of Americans.
Do you have evidence of this claim?
Re: Wages in America Are Too Low for the 30% Rule to Work for Renters Anymore
#10[flagged]
Meanwhile Canada just speedran this.