Study: Half of Renters Paid Unaffordable Rates in 2022, a Record High

Lee Duna@lemmy.nz to News@lemmy.world – 221 points –
Study: Half of Renters Paid Unaffordable Rates in 2022, a Record High
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It’s getting hundreds of thousands for a down.

Lol, what?

My house was only $60k and it's 1,200 sqft.

The problem is that people want to live outside of their means. They think they're entitled to things they can't afford.

I live in a different part of the country, with a very different cost of living, and salaries that are adjusted for this region. I live here because this is where all the work is for what I do professionally.

“I live where no one else wants to live, you should too.”

"Supply and demand shouldn't apply to me, but I'm not entitled."

Fuck it, it’s not worth engaging with someone as myopic as you.

You just don't want to acknowledge your entitlement.

I don’t want to engage with a fucktard. You don’t know a fucking thing about me, or about people in general.

FYI, I live in a 1.25M house that I could pay off tomorrow if I wanted to.

That's not the issue where I live. Houses easily go for $300k+ here and the only rentals I can find are $3000/mo, and/or winter months only. You may say to just move, but I grew up in this area, I have the best job I've ever had and my kids' school is helping them immensely. Shouldn't I be able to find a modest 3 bedroom that's affordable? We'll I can't.

Then move somewhere else that you can afford.

You're not exempt from supply and demand.

That's the answer? Uproot my family, change the school that works well for my kids, and likely change jobs because land owners are greedy. Makes sense to me.

Yeah. You can no longer afford to live somewhere, so you have to move somewhere cheaper.

Other people are willing and able to pay more than you, so they get access to places before you do.

It's called "supply and demand," and unfortunately people like you have convinced themselves they are immune to it.

Supply and demand shouldn't apply to basic necessities like housing, food, water, and healthcare.

I agree, but it's the quality of housing and food that people don't realize.

If you can't afford to live in desirable areas, then you have to move to undesirable areas.

If you can't afford doordash every day, then you have to cook your own meals.

City people don't want to accept these simple facts of life and get mad whenever an adult points it out to them.

Very happy for you my man, but not everyone has that possibility. My house was 200K when I bought it over a decade ago, it's probably ~350K now. Putting it simply, I couldn't possibly afford my own house today if I were a first time home buyer, and it's a very basic house from 1958.

And I'm definitely one of the lucky ones. Many others can't possibly get on the property ladder at all, and just because I did doesn't mean I can't recognize how much harder it is for them.

You would have to move to a cheaper area because you could not afford the one you live in.

It's what happens when you can't afford things; you don't get them.

Lol okay i bet it's a fucking mansion

No, it's a pretty modest house but has all the amenities that modern people expect.

1,200 sqft for 1 person is pretty damn good :)

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