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Half of US tenants can’t afford to pay their rent. Here’s what’s ahead (www.cnn.com)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 32 points 9 months ago* (last edited 9 months ago) (8 children)

But an increase in the construction of multiple-unit buildings has boosted the supply of apartments, which is slowly beginning to rein in runaway rents.

Oh cool, that means rent prices are going down, right? Supply and demand and all that.

The median asking rent was $1,713, which was down $4 from November and down $63 from the July 2022 peak.

Small gain, but I'm sure it's relevant in context.

However, median rent is still $309 higher than the same time in 2019, before the pandemic. That’s a 22% increase.

Oh.

How the fuck aren't Statesians living in constant rent strikes?

[–] [email protected] 22 points 9 months ago (2 children)

Because an individual going on a rent strike just gets evicted and doing anything as a group is literally stalinism

[–] [email protected] 8 points 9 months ago

doing anything as a group is literally stalinism

I wonder why all these young people are depressed. Maybe it's the lack of community, or their material conditions?

Nah, they just need to do legal weed. Not as a group passing a blunt while socialising, alone at home with isolated CBD drops.

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