The Rise of the Rich Renter

Re:The Rise of the Rich Renter by paulpauper on Saturday October 07, 2017 @04:58PM (#15425672)

Here’s the upshot: rich households—those earning more than 120 percent of the metro median income—saw their renter share rise by 1.2 percent between 2012 and 2015. Since 2006, that growth was a striking 6.2 percent. The renter share among households making less than 50 percent of the median income, on the other hand, remained roughly the same since 2012. Since 2006, it grew by a modest 2.9 percent. More educated subsets of metro residents also gained renters in this period.

This does not make much sense how the author derives the 6.2% figure and then says its 1.2%, nor does a 1.2% gain over a 3-year period seem like much.

[ Parent | on HN ]

Re:The Rise of the Rich Renter by noobermin on Saturday October 07, 2017 @05:01PM (#15425685)

That does seem super weak sauce. Also, the "striking" 6.2% included 2008, who's to say that the even among the 1.2 X median people, that the economic hurt wasn't enough to explain the delta there?

[ Parent | on HN ]

Re:The Rise of the Rich Renter by walshemj on Saturday October 07, 2017 @05:21PM (#15425774)

120% of the median income is not "rich" in this day and age

[ Parent | on HN ]

Re:The Rise of the Rich Renter by noobermin on Saturday October 07, 2017 @05:28PM (#15425803)

Hmm, it's above the median, it is well off. But yes, it isn't well off enough to be sheltered from the effects of the great recession, I agree.

[ Parent | on HN ]

Re:The Rise of the Rich Renter by walshemj on Sunday October 08, 2017 @01:42PM (#15429114)

well that's about 48k given the median salary in the US that's not relay well off puts you just about out of JAM (just about managing ) territory given health care costs

[ Parent | on HN ]