Born too late to own property, born too early to be a niche Lemmy clelebrity.
this post was submitted on 15 Jul 2023
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It's even higher now!
For the slope to be meaningful, one would want to adjust for inflation.
Yeah definitely, but I couldn't find one of those easy. I'll look again
Be the change you want to see in the world
Just looking at the start and end figure there, the number did something like double in inflation-adjusted terms, but in the US, new build house sizes (this not being specific to rentals, dunno if one can get that figure) also roughly doubled, and I'd expect costs to be something like linear in size of house. So my off-the-cuff take is that it's probably about reasonable.
That being said, Jimmy McMillan was specifically talking about rent in New York City when he did the "Rent is Too Damn High" thing, not rent across the US, and that is going to have a variety of other factors going on, including restrictions on construction, rent control, other regulations that specifically impact New York City, and I would guess transportation accessibility from outside New York City, to let that housing compete for people who work in New York City. It's very possible that New York City has local factors dominating and is doing other things.
Goddammit, how times have changed. Nowadays I would be thrilled to see the rent prices that we complained about during the rules this meme was popular.
That's not meant to be a justification, just a statement about how much worse things have gone.
13 years ago, rent for my 3 bed 2 bath apartment at the time was ~$700/mo. Today that same apartment is over $1500/mo.
I helped that guy with his website once. It was in like 2011/2012 and I was doing tech support and I'm not even sure the meme existed yet, but then I started seeing it everywhere. I certainly agreed with his main point immediately lol.