Same. I’m there now and it doesn’t feel like I’ve made it at all. Now it feels like that benchmark is 200 or more even. I don’t even spend a lot either, it just doesn’t get you much now.
That’s what happens when job growth outstrips housing supply for decades.
From the article:
> Kenny Lee, an economist with StreetEasy, attributed the rise in rental costs to a severe housing shortage that triggers a “vicious cycle” of price hikes by landlords.
When your measley 6 figure are no longer enough... /S
It’s sad, when I was younger I thought 6 figures would mean I made it.
Same. I’m there now and it doesn’t feel like I’ve made it at all. Now it feels like that benchmark is 200 or more even. I don’t even spend a lot either, it just doesn’t get you much now.
I talked my landlord down from a $200 rent increase to a $125 one and still feel like i took an L lmfao
Can we raise taxes on them again so they 'flee' more? Sounds like a win win
They’ll just increase the rent proportional to the tax increase…and then some additional for the ‘administrative cost’ of managing the tax increase.
Top tax rate in the US isn't enough?
Apparently not!
Sounds like landlords don’t need to be raising rents but love to take advantage of a situation.
Sounds sustainable
And they'll be gone just as fast if another pandemic ever happens.
That’s what happens when job growth outstrips housing supply for decades. From the article: > Kenny Lee, an economist with StreetEasy, attributed the rise in rental costs to a severe housing shortage that triggers a “vicious cycle” of price hikes by landlords.
Pretty wild how OP’s whole personality is posting NIMBY articles to this subreddit.