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Americans must earn roughly $106,500 to comfortably afford a typical home, a significant increase from the $59,000 annual household income that put homeownership within reach for families in 2020. (www.cbsnews.com)

submitted 8 months ago by [email protected] to c/[email protected]

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[–] [email protected] 0 points 8 months ago (1 children)

I love how all of these articles are about "create more supply!" instead of regulate corporations buying up all of the properties. You can watch the lack of supply correlate to when airbnb's and rentals started to be investments for corporations. Price fixing is also a huge part of it. If rentals are unnaturally high, how are people supposed to save to buy?

https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent

https://www.msn.com/en-us/news/us/we-found-that-landlords-could-be-using-algorithms-to-fix-rent-prices-now-lawmakers-want-to-make-the-practice-illegal/ar-BB1huX5O

https://mynorthwest.com/3942070/checks-out-washington-households-price-fixing-settlement/

https://www.king5.com/article/news/local/seattle/seattle-renters-lawsuit-against-leasing-companies-artificially-inflated-rent-prices/281-6e9bb105-7a58-49eb-ac0b-cd6d1a8ad457

[–] [email protected] 0 points 8 months ago

Cost of building a house has also like doubled. Makes it hard to build even more homes for a good price if you wanted to.