this post was submitted on 19 May 2024
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Housing Bubble 2: Return of the Ugly
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Yeah, thats the average. Which includes stuff in locations that were never affordable for regular folks and never were intended to be. I googled "manhattan apartments" and found one that was a 5 bedroom for $90,000 a month. Marble bathrooms, terrific views... But when your talking about housing affordability, that apartment was never intended to house regular working people.
Which makes the average skyrocket, which makes the landlords of very average properties think that they can just turn up the noise.
While median might have been interesting, by targeting two bedroom apartments, that already excludes luxury living (never would tolerate so few bedrooms). Of course it also excludes a lot of rural living by being apartments, which may skew things up a bit.
You can't base a public policy for 320 million people on the fact that you can dig up a few affordable apartments on rent.com. I'm not sure why toadies like yourself can't seem to understand this.