At some point the trade is going to be less than the cost of rent
this post was submitted on 20 Nov 2024
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At some point
Well, not quite
22.4 million households who, according to Harvard University’s Joint Center for Housing Studies, pay more than a third of their income in rent.
Paying anything above the standard 30% threshold is commonly considered a cost burden.
What’s more, 12 million of those renters are severely cost burdened, which means they are spending more than half their income on housing.
We are still below 100% for now, for most people, but it will get worse
I haven't given my full value in years... they stopped raising, and I stopped caring.
They pretend to pay us, we pretend to work
Those money pins are so cool