>It's not just low-income Americans who struggle to pay their rent every month, or find an affordable place to live when they move. New research from Harvard says that even renters with annual incomes of $45,000 face unaffordable rents in many cities, with potentially far-reaching effects.
>"It's moving up the income ladder," said Chris Herbert, Managing Director of the Joint Center For Housing Studies at Harvard. The group found that roughly half of families who earn between $30,000 and just under $45,000 a year and rent spend more than 30 percent of what they make on rent.
>The financial situation of these renters isn't as dire than their low-income counterparts: Last year, more than four out of five renters earning less than $15,000 spent more than 30 percent of their income on rent, and nearly three quarters spent half their income on rent.
>For these families, the choice is often stark: Buy food or medicine, or pay the rent.
inb4 "Just move to somewhere cheaper" because all the good paying jobs are located in major cities. Outside of them only fast food and retail jobs await them.
Living on the streets is constitutionally protected.
>For the second time in two years, a federal appeals court has struck down a key enforcement tool in Los Angeles' efforts to deal with burgeoning homelessness, declaring a ban on living in vehicles an invitation to discriminate against the poor.
The american housing market is one of the cheapest in the world, even in the big cities. "Moving someplace cheaper" doesn't mean moving to some bumfuck farmers' town in the middle of no where. It means going someplace which isn't NYC or San Francisco.
And I'm afraid if your job can't pay the rent it costs, then it isn't a "good paying job".
What is stopping people from sharing rent and saving money?
Get a friend or friends and deal with it.
This really doesnt make sense.
>what if youre 25+ in a big city for jobs
Dude, you shouldn't have been eating shit with your money.
Literally anyone can be fiscally intelligent, they just refuse from doing so.
Muh brand new cars!
Muh new phone!
Muh new tv!
Watch shit on streaming sites or even torrent them.
Read a book
Christ this really grinds my gears.
>I agree, I see the 'necessity' of luxury all around. It's so dumb + sometimes it's just brainwashing.
Yes, it's brainwashing, and it's what our entire fucking economy is based on.
If these guys didn't buy their brand new cars and phones and TV sets and stuff then the entire economy would just roll over and die.
We've been in this retarded situation since the early 20th century and currently it's slowly getting worse because there's only so much that morons can buy, even if they max out their mortgage.
You can laugh at them all you want, but they are the reason you have a job.
And to buy all this shit, they go into debt... We're a country swimming in debt, the government and many people. Maybe we need to change something. Did you know the mortgage loan issue which caused the economy crisis is now developing again but with autoloans this time? o___o
da fuk r we doin
Something I sometimes contemplate is the brilliance behind every person getting one each of their own shiny thing, including their own house with their own utility/electric/whatever else bill... What I'm trying to say is communes.
I mean like hippy communes. If we had more groups of ppl who knew and liked eachother, and worked together to live well... that... kinda... way too idealistic type of thing. Not a communist government.
>The average cost of an apartment in the city of Pittsburgh runs about $838 a month, while the average rent is $2,985 a month in New York, $1,970 in San Francisco and $1,045 in Chicago, according to Reis Inc., a New York-based real estate research firm.
You're kinda right but still totally wrong.
your inability to think of communism as anything other than the worst insult is your own fucking problem.
He's not talking about anything near communism, he just suggested stopping the rapant consummerism, but you are scared of the boogeyman.
Not even saying it would work. On a personal scale, it does, reducing costs, but your whole economy is based on mass-producing cheap stuff, and always having useless, even redundant, new shit. If people suddenly stopped buying stuff like idiots, the economy would collapse.
In reality, the prices should go up, and you should stop being so wasteful. But what do I know, the consequences won't show for another half century, let your children deal with it.
I'm pulling that number out of my ass.
I mean pollution in general, depletion of gas and oil reserves, the soil losing minerals due to over-farming, destruciton of natural habitats, etc
but the US is nowhere near India or China in that respect, so chill I guess
Agreed. that guy is a righteous faggot. What these individuals fail to realize is that this is a trend that gives no indication of stopping or slowing down. These individuals will always debate the symptoms but never the source. The Federal Reserve (jews) + military spending (+50%) + foreign aid + general govt corruption. Tax reform should be a major issue now but it won't be.
>WHEN people suddenly stopped buying stuff like idiots, the economy would collapse.
When people suddenly STOP(-ped) buying stuff like idiots, the economy WILL collapse.
Seriously, if you're going to correct someone, at least acknowledge your time tenses.