The Rent Is Too Damn High (For the Very Poor)
More housing charts! I came across these while reading about the shortage of starter homes, and they were interesting in different ways. First up is a chart from Bloomberg that shows total rent as a percent of total disposable income: There are two ways to look at this. The rental market obviously goes though a […]
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One of the problems with wealth inequality is idiotic graphs that lump everyone in the same boat. A (not hypothetical) person in my town making $15/hr with $700/mo rent is spending 30-40% of total income on rent. Which makes you wonder how they get the 3.8% of disposable income number.
