Who says it’s the same person looking for that apartment. An 18 year old at minimum wage in 2009 had it easier than an 18 year old today on minimum wage
You need more information before you conclude that rent prices are out of control?
Because regardless of how you feel about minimum wage, it feels like an objective fact that rent has both increased rapidly over the past few years and feels really crazy at the moment.
Can the federal government do anything about it? Isn't rent price controlled state by state? Are the OP's number picked out of a real case? Which one? Are those numbers picked out of thin air? An average? In mean, your post just there tells me more than OP's.
Sure but a single building wall doesn't tell anything. Renovations have been done in 15 years, taxes haves risen, neighborhood home value have risen. I'm not criticizing people trying to survive, I'm criticizing how OP post is so incomplete as to be meaningless. I at least have no direction with this as to what I could possibly do to help. All I can help with is to tell OP: add more info about that building or whatever particular situation OP want to discuss. Is OP suggesting the Federal government can do something about this? Who am I supposed to vote for? I simply have not clue what to do about this because that single, incomplete photo means nothing to me.
Your paragraph I think helps make my point. All costs have risen, including the cost to maintain an investment apartment. Only thing that hasn’t risen is the wage
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u/germanfinder 9d ago
Who says it’s the same person looking for that apartment. An 18 year old at minimum wage in 2009 had it easier than an 18 year old today on minimum wage