News@lemmy.world · 6 months ago

Renters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years ago

fortune.com

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cross-posted to:
aboringdystopia@lemmy.world

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Renters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years ago

fortune.com

return2ozma@lemmy.world to

News@lemmy.world · 6 months ago

159

cross-posted to:
aboringdystopia@lemmy.world

“Since pre-pandemic, the income needed to afford rent has increased by 31.5%,” Zillow’s chief economist, Skylar Olsen, wrote yesterday.

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6 months ago
Current estimate is at 1.2 metric fucktons of empty houses.

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