The article calls out that even the _average_ wage earner can't afford an FMR unit in many states:
> For a two-bedroom rental, the Housing Wage is $22.96—a figure that’s higher than average renters’ wages everywhere, and at least $5.00 higher than the average wage for renters in 16 states. For a one-bedroom rental, the Housing Wage is $18.65.
[1] https://www.huduser.gov/Periodicals/ushmc/winter98/summary-2...
FMR is a close to median value. From the linked definition: "The FMR is the 40th percentile of gross rents for typical, non-substandard rental units occupied by recent movers in a local housing market"
Additionally, FMR is itself statewide average, covering both high and low cost of living areas. Low cost of living counties have units available for far below FMR values.
Low end housing in low cost of living areas can be found for under $377/mo - their estimate of affordable minimum wage rent.
They don't seem to qualify it - they simply say 'there is not one U.S. state, metropolitan area, or county in which a minimum wage worker who clocks 40 hours a week can afford a two-bedroom apartment'. They don't use the term 'median' anywhere apart from talking about other articles. The report they link to talks about 'fair market rate' - not sure who decides what's fair and what isn't.
> In 2019, the affordability crisis has plunged to new depths. Last year, the average worker making the federal wage minimum of $7.25 per hour had to work 122 hours a week, every single week, to afford an average two-bedroom apartment.
The point being made earlier in the thread is the comparison is between the middle and the tail, not the tail earners and the tail quality 2-bed room apartment.
There are many counties across America where a low-end two bedroom can be found for substantially less than that $377. These claims only make sense if they refer to median prices.
For example:
https://joplin.craigslist.org/apa/d/joplin-2br-1bath-apartme...
https://seks.craigslist.org/apa/d/pittsburg-1913-elm-complex...
The claim 'there is not one U.S. state, metropolitan area, or county in which a minimum wage worker who clocks 40 hours a week can afford a two-bedroom apartment' is simply incorrect.
"The FMR is the 40th percentile of gross rents for typical, non-substandard rental units occupied by recent movers in a local housing market"
Minimum wage is not a 40th percentile income.
I have first hand experience with this crisis. I live in a reasonably priced area and make (with my spouse) about three times the minimum wage and I can barely afford to live anywhere. Basically one large unexpected cost could sink us into homelessness.
The whole situation is being drastically oversimplified, though. Whether or not we expect minimum wage to support a family depends on whether there are other alternatives, like higher (and adequate) wage jobs that individuals can reasonably obtain when they do have to support a family. Is that happening? My sense is no -- we have a big step function where you're either mostly screwed (working several jobs, driving Uber, etc. barely making it if at all), or you're making 6 figures after getting a 4 year degree in some technical or professional field.
the housing cost problem is wholly created by government and instead of working to fix it too many cities keep doubling down on making it harder to create new housing, affordable or not. combine the housing cost with the high costs of government services, licensing fees, and other regulatory fees, and the lower class is further in the hole.
one issue is there is no reason for politicians to fix this issue, it is too hot button to have a true remedy and worse is a fantastic source of income for patrons and relatives through various special interest groups which exist to absorb funding from programs supposedly working to solve the issue. instead end up raising legal challenges in exchange for pay outs either in direct settlement or advisement roles all of which end up pushing costs of solutions too high to implement.
Seattle only recently upzoned many areas of the city to permit building denser housing however they may end up sabotaging it through rent controls which have been shown to be another method of limiting new housing
[citation needed]
Looking around the bay they appear to simply become homeless, especially if there's any interruption in work, and if they're lucky they're able to move away before this happens.
But homes are cheaper almost everywhere else in the US.
Supply and demand is basically the fundamental law of economics.
https://www.propertyguru.com.sg/property-management-news/201...
"House prices in Singapore are considered “seriously unaffordable”, with a median multiple of 4.6, which means that the median house price is 4.6 times the city-state’s median household income, according to an annual survey."
This is how you preserve existing communities--it should be harder to move into a city than to stay there.
Anyway it’s somewhat of a moot point because you can preserve communities and still build—just not with market-driven rents and landlord-owned cities. And not everyone can have what they want and live where they want. It’s worth it.
Tell that to the homeless, I dare you. It's certainly the attitude of a sheltered existence.
Try visiting shelters, especially in the south bay. There are plenty of families without the problems you mentioned.
This attitude is intentional neglect of reality, and its prevalence is literally killing people.
(Note, between the time I wrote the earlier comment and this I discovered new information on California's homeless situation - shelters near me the homeless are either mentally ill or victims of domestic violence - the first are forever a problem and the latter will be out in a couple weeks)
A minimum wage earner is not and should not be in the market for a median priced home.
A median wage earner would pursue a median priced home.
A bottom quartile earner would pursue homes priced in the bottom quartile. Not the median.
The title of this article is false. Minimum wage earners can often afford two bedroom homes priced at the lower end.