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lucaspm98 | 2 years ago

On a personal level I feel the same strains, but all sources I’m finding have median wages rising more than median rent since 2020 and certainly since 2021.

However, that would not be true for buying a home especially when factoring in borrowing costs.

https://ipropertymanagement.com/research/average-rent-by-yea...

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yterdy|2 years ago

That's because rents temporarily cratered when people couldn't move due to lockdowns. But that was monthly, during the latter half of 2020 and the early half of 2021. Moving season is early summer, so people were locked into leases until prices rose again. Then, those leases were hiked in a massive price-fixing scheme, I mean raised in observance of inflation.