Re:Big Macs and the Cost of Living Crisis
by spaceman_2020 on Tuesday August 06, 2024 @09:14AM
(#41170583)
Here in New Delhi, an apartment I was interested in was $380k in April 2023
In Jan 2024, it was $520k
Average incomes here are $6,500. My wife, an assistant professor (with tenure) at the country’s top public university, makes $17,000.
These aren’t fancy apartments - those start at $600-800k+
Real estate prices across the world are absolutely out of control. Every young person I know is angry and distraught. People are holding off on having kids or not having them altogether because you really can’t afford to live in any major city (which, coincidentally, also have the jobs) without both the parents working full time.
In Jan 2024, it was $520k
Average incomes here are $6,500. My wife, an assistant professor (with tenure) at the country’s top public university, makes $17,000.
These aren’t fancy apartments - those start at $600-800k+
Real estate prices across the world are absolutely out of control. Every young person I know is angry and distraught. People are holding off on having kids or not having them altogether because you really can’t afford to live in any major city (which, coincidentally, also have the jobs) without both the parents working full time.