Heh heh..
http://www.cnbc.com/2015/08/16/rents-rise-to-crazy-levels-zillow.html
7 replies (most recent on top)
There are still places that you can find decent rent that have good job markets. This article is all doom and gloom, and I agree that this isn't a good situation, but look at this infographic to find decent living places and reasonable rent: http://www.madvalorem.com/blog/homeownership-property-values-rentals-2015
Do you have some neighborhood examples with great schools and better affordability that you can share?
Prices drop dramatically if you are willing to put up with a long commute. It's not that bad.
I can't imagine people spending 30-40% of their NET paycheck on rent. At that rate, there's no way people are going to be able to save and ever afford to own. We're returning back to feudal times when a select small percentage of the population owns while the majority others slave away at a job to pay for a leased land.
you can't afford SHIT because you rent. I know your financial situation! These renters couldn't afford a million dollar Poway crapshack. http://therealdeal.com/blog/2015/05/22/you-can-now-rent-in-one57/
Bubble scrambling towards peak before it finally burst
It happened 3 times in last 3 decades and would happen happen
Only a fool won't see it
Haha
"Renters in the U.S. can now expect to pay around 30.2 percent of their monthly income for rent, the highest percentage ever, up from pre-housing boom levels of around 24.4 percent, according to the analysis of second-quarter data on rental and mortgage affordability, which was released Thursday....In some areas, rent is even more unaffordable. In Los Angeles, California, renters sent nearly 50 percent of their income to the landlord in the second quarter, while in the New York-Northern New Jersey and the Miami-Fort Lauderdale, Florida areas, that was hovering around 41-45 percent, the survey from the real estate listing and analytics company found."