return2ozmaBiden to call for 5% cap on annual rent increases, as he tries to show plans to tame inflation
TommySodaCool, my rent is still 70% of what I make in a month. It’s almost like it’s already too late, but I’m poor and uneducated to be an expert. Got any other ideas?
IrremarkableThe best time to do it was any point in the last 100 years. The second best time is now.
That assumes the perpetual increase of property value, outpacing median incomes levels in many places, is infinitely sustainable.
In my city, housing costs represent over 100% the national median income. Of course urban median incomes would be higher than the national median, but when reviewing the history of this metric, the bank economist’s quote was, it’s never been as expensive to own a home anywhere, anytime in my country as it was in my city Q4 2023.
Really tough to accept that it’s only going to get worse and that there is no breaking point on this cycle.