The Rent Is Too Damn High

It’s a fixer-upper with potential.

We got trouble:

Full-time minimum wage workers can’t afford rent anywhere in the US, according to a new report

“People working minimum wage jobs full-time cannot afford a two-bedroom apartment in any state in the country, the National Low Income Housing Coalition’s annual “Out of Reach” report finds. In 93% of U.S. counties, the same workers can’t afford a modest one-bedroom….

“Given each state and locality’s minimum wage, the report finds that the average minimum wage worker in the U.S. would need to work nearly 97 hours per week to afford the average two-bedroom home. That’s more than two full-time jobs.”

Housing should be a human right. The American Dream/Nightmare has always been a bit of a bait and switch. But how can working people escape the poverty trap if there are not places that they can afford to live?

I have read recently that the Venture Capitalists have taken to buying entire new subdivisions and renting out the homes at exorbitant rates because there is nothing that late-era capitalism and capitalists cannot make worse.

“They don’t have to conspire,” as Gay Talese once said of the rich, “because they all think alike.”

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10 Responses to The Rent Is Too Damn High

  1. My local NextDoor feed is full of people getting kicked out of their apartments because of things like “new owners bought it and are renovating”, “I got kicked out of the house I’m renting because they’re turning it into an airb&b”, etc etc etc.

    One woman, her daughter and her daughter’s two kids, are getting kicked out of the house they’ve rented for years, because the owner of the property is old, has Alzheimers and the local aging support agency is selling all her properties to pay for her needed care. They found a one-bedroom they could afford…

    It’s brutal out there. I’m so fucking glad I am fortunate enough to be able to own my home.

    Liked by 2 people

    • ali redford says:

      Yep. The kid is staying with us for a couple of months; he’s on a few waiting lists, with the earliest date being the 2d week of Sept. He and his roommate lost their apt. due to their plex being sold. The realtors here are purposely setting up home sales to buyers out of town, specifically so those buyers will then rent the homes, and yes, at exhorbitant rates. This is a town of fewer than 8,000, with majority older-retired and young single parent families.

      Like

  2. MDavis says:

    This is why we are seeing more people driving around in their very own busses. It was a thing in the 60s and 70s and it is a thing again. Those busses are difficult to insure, though. Manufacturer built RVs are insurable if they are not too old, but busses that are converted (a way of buying an RV in cash with payments as more cash comes in) are called “works of art” in order to avoid insuring them by some insurers. It could be the dodge that most insurers use. If you are in this boat, try Good Sam. I think that was the last place we found that would do it before we had to sell the bus rather than move into it.

    Liked by 2 people

  3. glitterbug says:

    So sad. Back in 1982, I was making $10 an hour and got a 1 bedroom cave for $375 including utilities, when they worked.

    Liked by 1 person

    • When we bought our house (in 1994) we busted our butts to find someplace that, worst-came-to-worst we could keep paying the mortgage with a (2 or 3 between us) burger-flipping jobs if need be. We were hugely lucky, housing was near a historic low before the runup of the late 90’s-early Aughts before the Great Recession, and we bought someplace way below what we qualified for; then dumped as much into the mortgage payments as we could to pay it off quickly. Still, our mortgage payments were ~$450/mo if we paid the minimum. With the housing costs today, we would be paying thousands a month. That we don’t have.

      It’s old, and not in the good way, but it’s a roof over our heads and it’s ours outright. (along with it’s problems, of course).

      Liked by 2 people

  4. beckymaenot says:

    It’s the same all over and it will not change until we make it change- and that means electing a government that actually gives a shit about the citizens it is supposed to serve. NONE of these profit loving, growth at any cost, greedy bastards are going to change their ways and become community minded. And as long as we let them call the shots, they will- and it won’t be for the good of society- but for their own good.

    Liked by 2 people

  5. w3ski4me says:

    I read where the Capital Venture Vampires have taken to buying up entire subdivisions in this tight housing market and are setting high prices on the available homes.
    Nothing they won’t make worse.
    w3ski

    Liked by 2 people

  6. Ten Bears says:

    There are International Bankers and Insurers though not necessarily of any one specific ethnicity [which of course is like thinking alike a man-made thing]. Buying up sub-divisions before they’re even built! Million dollar houses. My kid has framed out six just this year … in Minnesota.

    1980 we were renting a nice little house in Bend for $300/month, was making $15/hr + 20/day per-diem hooking logs to helicopters, had a truck and a trailer for camping on the job, the old lady had a new Citation, paid cash for my oldest kid …

    I’m not particularly interested in eating the rich ~ veggie, like most bears ~ but I’m also not particularly interested in who, or what, they might be fed to.

    Are those chicken sandwiches really chicken?

    Liked by 3 people

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