Urban Housing Affordability
Discussions center on the high cost of housing and living in expensive cities, debating whether people can afford to live there independently or should move to cheaper areas, live with roommates, or accept high rent burdens relative to income.
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If you can find a rent controlled (or otherwise modestly priced) apartment in the city, otherwise I wouldn't bother. It's also not something you can easily offset by a higher salary.
Maybe just live in an affordable area.
Maybe individuals aren't supposed to live as "single adults" in such a place/market? You know, nothing wrong with staying with parents/roommates until you are making a salary that allows you to live by your own. That is the problem with these back of the envelope calculations, they never take into account the ingenuity and resourcefulness of humans.
because they can't afford to live there
Because things are very expensive. Absolute wealth means nothing if rent costs 70%+ of your income.
Yes please. I'm tired of not being able to afford living in my own city.
You're living in a place that you couldn't afford on your own or won't buy for economic reasons (wanting to move, temporary job). That's value.
If you couldn’t afford a place to live you may feel differently.
People who have enough money to pay $5000/mo in rent have options for other places to live. I have significantly less income, and I have options of places to live.
Somewhere where housing is less expensive, perhaps?