Jonathan Cohn @jonathancohn.bsky.social

"Half of all renters in the United States spend more than 30 percent of their income on rent and utilities, more than at any other time in history, according to a new report by Harvard’s Joint Center for Housing Studies." www.nytimes.com/2024/01/25/r...

32 replies 230 reposts 496 likes

🌈✨ Wzl @ Fur-Eh🍁🏒🌲🌈✨ @ibolt07.bsky.social [ View ] Jan 25, 2024 at 17:49 UTC

corporations shouldn't be allowed to own thousands of properties. housing shouldn't be an investment opportunity.

1 replies 5 reposts 16 likes

KarlTheMarxiest.bsky.social @karlthemarxiest.bsky.social [ View ] Jan 25, 2024 at 14:18 UTC

I would like to congratulate blackstone

1 replies 3 reposts 17 likes

Dogeinand @dogeinand.bsky.social [ View ] Jan 25, 2024 at 17:25 UTC

Still better than Canada. Most renters up here spend about 50% or more of their income on rent.

0 replies 0 reposts 1 likes

David Monniaux @monniauxd.bsky.social [ View ] Jan 26, 2024 at 06:57 UTC

In France, typically, a landlord typically won't rent to you if the rent is more than 1/3 of your income (because it's considered a risk that you will fail to pay your rent), or they will ask for extra guarantees (such as a person with larger income accepting to pay if you fail).

0 replies 0 reposts 0 likes

Ghost In Jelly Shoes @motherboy.bsky.social [ View ] Jan 25, 2024 at 14:29 UTC

In my county, more than half are paying upwards of 50%*(the census data on my desk at work, but if I recall).

0 replies 0 reposts 6 likes

Ren is (sigh) procrastinating @renandpen.bsky.social [ View ] Jan 25, 2024 at 14:02 UTC

Infuriating. Until my new job, I’d been paying well over 50% for the past few years in Florida (on an old home with no mortgage). It’s impossible to ever get ahead, your debts build up & growing savings or any safety net is out of reach no matter how you budget. No words for my rage of landlords.

1 replies 0 reposts 37 likes

Hipster Gnome 🍉 @hipstergnome.bsky.social [ View ] Jan 25, 2024 at 19:20 UTC

That's me, my rent takes up one whole paycheck a month, not leaving me much for anything

0 replies 0 reposts 0 likes

Juliet Hope @whyjuliet.bsky.social [ View ] Jan 26, 2024 at 00:22 UTC

Only 30%? Seems low.

1 replies 0 reposts 0 likes

caresserlechat @deannatheanalyst.bsky.social [ View ] Jan 25, 2024 at 20:56 UTC

And here we're considering selling our house to go back to renting because our house payment is over 50% of our income, but rent for a place that's about the same size would be about 35% of our income, which would be a nice break. It's all garbage.

0 replies 0 reposts 1 likes

hand_to_eye @delightw2023.bsky.social [ View ] Jan 25, 2024 at 13:54 UTC

I live in subsidized HUD housing bc of disability and they still make me pay more than 30%.

0 replies 0 reposts 33 likes

Kim @kimoco.bsky.social [ View ] Jan 25, 2024 at 15:05 UTC

I'm in my 60's and can only afford my rent having roommates! I'll never have my own place.

0 replies 0 reposts 6 likes

lydy @foo7.bsky.social [ View ] Jan 25, 2024 at 14:45 UTC

God… Imagine that renting was an economic boon what the heck

0 replies 0 reposts 3 likes

legal cat 🐾 @legalcat.bsky.social [ View ] Jan 25, 2024 at 13:49 UTC

Everyone I know spends ~50% on housing here in Mass, which is really untenable.

1 replies 2 reposts 72 likes

Misangela @misangela.bsky.social [ View ] Jan 25, 2024 at 15:09 UTC

Could you possibly share this article with a gift share? As a couple who pays about 50% of our income on rent (and we have a VERY good deal, relative to others in ATL), I don't have the spare $$ to subscribe to all the news sites. Thanks in advance.

1 replies 0 reposts 1 likes

HudsonRiverCroc @hudsonrivercroc.bsky.social [ View ] Jan 25, 2024 at 13:56 UTC

Literal rent extraction

0 replies 0 reposts 17 likes

Red Lori Bright Eyes @redloribrighteyes.bsky.social [ View ] Jan 25, 2024 at 18:10 UTC

My husband and I both have college degrees - he has a masters, and we are one hardship away from homeless. We earn good money. We don't have extravagant expenses. We are not alone.

0 replies 1 reposts 14 likes

Bennett Gilbert @bennettgilbert.bsky.social [ View ] Jan 25, 2024 at 22:03 UTC

I wish the Dems recognized the political as well as moral opportunity in doing something about this.

0 replies 0 reposts 1 likes

Kyla Tilley @kylatilley.com [ View ] Jan 25, 2024 at 22:06 UTC

I read an article not too long ago maybe on the CBC from some economist who was suggesting we change the percentage of what we should be spending on housing to reflect what people are actually spending on housing. ... Instead of doing something about the cost of housing.

0 replies 0 reposts 0 likes

Head Like A Hat @prettyhatmachine.bsky.social [ View ] Jan 25, 2024 at 15:21 UTC

0 replies 1 reposts 9 likes

Crime-solving Agoraphobe @janetarchaic.bsky.social [ View ] Jan 25, 2024 at 14:48 UTC

If I include EBT as income, I am paying 73% of my income (if I don't, it's 87%)...no exaggeration. I am disabled, on SSDI + have been on a waitlist for 5+ years for a Section 8 Voucher. The program was frozen for all 4 yrs of the Trump presidency. (Ben Carson lost suitcase gif) 🙏PLEASE VOTE BLUE.

0 replies 0 reposts 14 likes

Allikuja⁷ 💜 (he/they) @allikuja.bsky.social [ View ] Jan 25, 2024 at 15:13 UTC

Literally just had a convo with a landlord that approved me but not my roommate for an apartment we were looking at. LL: so do you still want to rent the unit? Me: considering the rent is higher than half of my monthly income, no.

0 replies 0 reposts 15 likes

The 500 Hats of LambdaCalculus @lambdacalculus.bsky.social [ View ] Jan 25, 2024 at 14:03 UTC

Everyone wanted to poke fun at Jimmy McMillan for pointing this out years ago instead of saying "Yeah, he's right!" I don't agree with him on a lot of other points because he's got some very zany views on things, but way too high rent needing to be curbed is one I can agree with.

1 replies 2 reposts 33 likes

The 500 Hats of LambdaCalculus @lambdacalculus.bsky.social [ View ] Jan 25, 2024 at 13:54 UTC

Non paywalled version: archive.is/yIeke

0 replies 1 reposts 20 likes

@heikofennec.bsky.social [ View ] Jan 25, 2024 at 19:40 UTC

Monthly income: roughly 2k Monthly rent: 1.5k The us is a shithole for people just scraping by.

0 replies 0 reposts 1 likes

Lexi Bee (595-1000) @lexithebee90.bsky.social [ View ] Jan 25, 2024 at 14:05 UTC

Rent-1650 Monthly pay-1700 Someone good at math help me with this

1 replies 0 reposts 19 likes

@GalaxyFarrahWay @galaxyfarrahway.bsky.social [ View ] Jan 26, 2024 at 00:13 UTC

rents in Australia have become just as ludicrous as our power prices...I have to wonder when and if it will change?

0 replies 0 reposts 0 likes

contagonist @contagonist.bsky.social [ View ] Jan 25, 2024 at 18:12 UTC

One of my half joke half serious ideas is a law that tethers rent prices for a 1br to being 20% of the monthly federal minimum wage income, with a gradual increase per bedroom

0 replies 0 reposts 4 likes

man screaming quietly @cpm5280.bsky.social [ View ] Jan 25, 2024 at 17:51 UTC

Where I live, one is extremely lucky to get that percentage under 50%.

0 replies 0 reposts 3 likes

Mick719 @mick719.bsky.social [ View ] Jan 25, 2024 at 14:45 UTC

Mine is almost half.

0 replies 0 reposts 2 likes

Chimera Extraordinaire @cinnix.bsky.social [ View ] Jan 25, 2024 at 16:47 UTC

I pay half of my income in the most conservative shithole town in my state 😑

0 replies 0 reposts 3 likes

Degen Ink @degenink.bsky.social [ View ] Jan 25, 2024 at 15:02 UTC

You'd be rich if your rent was only 30% in Maine anyways. I have a friend that rents a 2 bedroom in Portland for $2500 and that's not uncommon. Even in my town (Saco) apartments are anywhere from $1500-3500. Maine landlords also just ranked worst in the country 🤷‍♂️ so there's that too lol

2 replies 0 reposts 11 likes

Sean Skunk-Cabbage ⚓ @moldybasil.bsky.social [ View ] Jan 25, 2024 at 17:42 UTC

No stop saying that why would you be so mean to Biden

0 replies 0 reposts 1 likes