191–200 of 550 posts
Earlier quoted context omitted.
Go tell that to Oklahomans and others still making a minimum wage of $7.25 an hour
"Basketball players are extremely tall." "Go tell that to the middle school travel team in my neighborhood." Why are you even making this comment? The comment you responded to was obviously talking about median wages of the entire US population. Real Wages are near all-time highs - it's just a fact, you can look up the data yourself.
Earlier quoted context omitted.
It's worth being precise about this because it's a really important point. Most people who we call "landlords" are simultaneously a landlord and a property manager. Property management is an important and productive job. But the vast majority of such people's financial outcome is actually from being a landlord , that is doing literally nothing except holding a piece of paper granting them monopoly on a plot of land.…
I'm going to assume ignorance and try to explain why landlords exist. Of course you could already understand this and have this as an ideological stance, in which case my effort is likely wasted. Landlords assume a similar role in economy that banks do, they assume risk on your belalf. We have quantified this to an extent that you can reliably put a dollar amount on how much risk there is. When you are renting and th…
Earlier quoted context omitted.
If you can find a single person still getting paid that, please give me their info and I will have them making twice that by tomorrow.
I'm making that much as a software engineer in a 3rd world country. Hire me :)
[flagged]
Additionally it doesn't appear to reference the actual HUD report from 2025 https://www.huduser.gov/portal//portal/sites/default/files/p...
This at least has AFAICT the 100% figure, but the causal link seems unsubstantiated. The exact, unreferenced quote from the document is "Immigration accounts for up to 100 percent of housing demand growth in some regions, and for two-thirds of rental demand growth nationwide. In California and New York, immigrants have accounted for 100 percent of all rental growth and over one-half of all growth in owner-occupied housing in recent years." p45 with no further citation to back that up. I know its not an academic paper, but some citation would be good to back this up.
Id be interested in more information on causal data, or at least a more nuanced stance on such a strong statement. Or a less politically charged comment.
Full disclosure, i (obviously from my comment) dont lean right, but one thing i appreciate about HN is a more nuanced comment, and i think this is a chance for that.
Earlier quoted context omitted.
The law, in its majestic equality, forbids rich and poor alike to sleep under bridges, to beg in the streets, and to steal their bread.
Equal treatment sounds good to me. Which point are you responding to?
Either it's bad faith or you don't understand the implications. Either way, GL with whatever.
The problem is absolutley that housing is too expensive, which of course a bunch of realtors are not going to point out. Increasing wages will not fix the housing crisis, and will just drive prices higher. How convenient for a bunch of realtors...
Don't live in the US, but we're facing similar problems here in Norway. One main driver is that there's not being built enough new housing. It's a combination of building being too expensive, higher interest rates, etc. So the second-hand/used market is red hot. Renting has become so expensive, that many landlords have exited - so we're likely heading into a really bad crunch in the near future for the renters. I've…
> One main driver is that there's not being built enough new housing. I recently entertained the idea of building a new house. Not terribly surprising, but worth mentioning that the time and materials to put up the structure was going cost even more than buying a used house. If nobody can afford to buy a less expensive used house then naturally nobody is going to build the much more expensive new house either. Therei…
Where I live, people are blocking the construction of new apartments because the cost of the new ones is a bit higher, 10%-50%, than the average existing apartment.
The idea behind blocking the new apartments is that "new expensive apartments don't help anybody" and people get very upset that the new housing is going to the type of person that can afford to pay slightly more for the newer apartment. Rather they would prefer that new housing is only built if it's cheaper than existing housing.
So when housing does get blocked, the existing landlords demand the higher new rents that those wealthier people pay, driving up the overall costs on old apartments. The poorer people get displaced, the wealthier people have housing but worse housing, and the only people who are better off are the landlords of the older apartments.
The problem is absolutley that housing is too expensive, which of course a bunch of realtors are not going to point out. Increasing wages will not fix the housing crisis, and will just drive prices higher. How convenient for a bunch of realtors...
"The biggest flaw: It uses gross income, not take-home pay
One of the biggest issues with the 30% rent rule is that it’s based on your gross income—not the amount of money that actually lands in your bank account on payday.
To illustrate this flaw, let’s use some real-world numbers. According to the latest FRED data, the median household income in the U.S. is about $84,000 per year, or roughly $7,000 per month before taxes.
Under the 30% rule, you could theoretically spend about $2,100 per month on rent if this is your income.
But let’s take a look at what your take-home pay could be with this salary. "
Is it the wages or that shitty one bedroom apartments go for $2000+