Re:Economists are revising their views on robots and jobs
by phkahler on Wednesday January 26, 2022 @06:50AM
(#30084401)
Housing prices vary inversely with interest rates. Monthly payments are and always have been between 1/4 and 1/3 of income. This is actually up right now due to the bubble which cant last.
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Re:Economists are revising their views on robots and jobs
by extra88 on Wednesday January 26, 2022 @07:46AM
(#30084814)
More people are paying more for rent than they used to.
In 2015, of all renter households:
* 38% were rent burdened (defined as spending 30% or more of pretax income on rent), an increase of about 19% from 2001.
* 17% were severely rent burdened (spending 50% or more), an increase of 42% from 2001 (the 38% rent burdened includes the 17% severely burdened).
For households headed by someone 65+, 50% are rent burdened, ~20% severely rent burdened.
https://www.pewtrusts.org/-/media/assets/2018/04/rent-burden...