Inflation-adjusted home prices in China have fallen below where they started two decades ago, and the fiscal fallout is hitting local governments even harder than developers.
I didn’t realize San Francisco is the only city in the US. Rent in every single urban area is out of control. A two bedroom apartment that I rented in Lexington, KY from 1996-2011 for $500 a month is now $1,800.
A studio apartment that I rented in Altoona, PA from 2011- 2013 for $700 a month is now $1200.
I could keep looking, as I have rented places in 38 states.
No where that isn’t rural is cheap in the US anymore. Even the most “affordable” cities are boasting about 1 br apartments that are $1,000+ a month.
I hate to break it to you but those prices are barely more than inflation. $700 in 2011 is $1065 today. And I didn’t say anything about San Francisco being the only city in the US now you’re just reaching.
OK… Now where in that sentence do I say that San Francisco is the only city in America or the only place with a high cost of living, or that I’m OK with price gouging?
I edited my previous comment, so I will copy the relevant part to answer your second question.
Since according to you, inflation should be tied to housing prices, but is irrelevant to wages, you just said “fuck the workers,” by logical extension.
As far as you saying that San Francisco is the only city in America, you did that with your hyperbolic statement that indicated that you think that San Francisco is the only place that is unaffordable.
I didn’t realize San Francisco is the only city in the US. Rent in every single urban area is out of control. A two bedroom apartment that I rented in Lexington, KY from 1996-2011 for $500 a month is now $1,800.
A studio apartment that I rented in Altoona, PA from 2011- 2013 for $700 a month is now $1200.
I could keep looking, as I have rented places in 38 states.
No where that isn’t rural is cheap in the US anymore. Even the most “affordable” cities are boasting about 1 br apartments that are $1,000+ a month.
I hate to break it to you but those prices are barely more than inflation. $700 in 2011 is $1065 today. And I didn’t say anything about San Francisco being the only city in the US now you’re just reaching.
Not reaching, just using your own hyperbole in reverse.
I hate to break it to you, but inflation hasn’t done a thing to minimum wage, or wages in general.
In what way was pointing out that there are places in America with a lower cost of living than San Francisco that aren’t rural hyperbole?
I never said it did, in fact that has absolutely nothing to do with what I’m talking about.
San Francisco isn’t the only place where housing is unaffordable. That’s how it’s hyperbole.
Ahh, so you’re fine with price gouging in the name of inflation, but fuck the workers that have to pay those prices. Got it.
I never said it was. Why are you just making shit up?
No I never said that either… seriously what the fuck is your problem?
If inflation has nothing to do with wages, than it shouldn’t have anything to do with prices. You said fuck workers by logical extension.
OK… Now where in that sentence do I say that San Francisco is the only city in America or the only place with a high cost of living, or that I’m OK with price gouging?
I edited my previous comment, so I will copy the relevant part to answer your second question.
Since according to you, inflation should be tied to housing prices, but is irrelevant to wages, you just said “fuck the workers,” by logical extension.
As far as you saying that San Francisco is the only city in America, you did that with your hyperbolic statement that indicated that you think that San Francisco is the only place that is unaffordable.