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RedWizard [he/him, comrade/them] to news@hexbear.netEnglish • 8 months ago

Rents rose by 8% on average from 2022 to 2023, which was the highest annual average growth seen since 2000.

www.cnn.com

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Rents rose by 8% on average from 2022 to 2023, which was the highest annual average growth seen since 2000.

www.cnn.com

RedWizard [he/him, comrade/them] to news@hexbear.netEnglish • 8 months ago
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Kamala Harris wants to take on ‘abusive’ corporate landlords. How much do they actually affect your rent? | CNN Business
www.cnn.com
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Nearly half of all renter households spend more than 30% of their income on housing costs, qualifying them as “cost-burdened,” according to US Census data in September.

cross-posted from: https://lemmy.ml/post/21645276

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  • Infamousblt [any]
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    15•8 months ago

    Good for business! The economy! Yay! stonks-up

  • @merthyr1831@lemmy.ml
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    5•8 months ago

    “[housing-related statistic] at highest since [year before housing bubble popped and crashed markers]”

    many such cases!

  • ClimateChangeAnxiety [he/him, they/them]
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    17•8 months ago

    Nearly half of all renter households spend more than 30% of their income on housing costs, qualifying them as “cost-burdened”

    I’m curious who the fuck the other half are. I don’t know anyone who rents who spends less than 30% of their income on housing.

    • dustbunnies [she/her, comrade/them]
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      9•8 months ago

      all the people who are gifted housing by their rich relatives are fucking up the averages

      • somename [she/her]
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        8•8 months ago

        Renting for 1 dollar

    • anarchoilluminati [comrade/them]
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      9•8 months ago

      Well, there are still some (few) tenants in the US that have some form of rent control.

      And there are others who have high income, obviously.

    • invalidusernamelol [he/him]
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      3•8 months ago

      “more than 30%” is doing a lot of legwork here

      • ClimateChangeAnxiety [he/him, they/them]
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        5•8 months ago

        Yeah basically everyone I know spends between 40-60%

  • CantaloupeAss [comrade/them]
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    21•8 months ago

    Incoming tax breaks for landlords who own buildings in distressed communities

  • DragonBallZinn [he/him, they/them]
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    4•
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    8 months ago

    amerikkka-clapporky-happybiden-trollthe-republican : “We DID it! Property values are higher than EVEEEEEEEEEER!”

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