193
Renting alone is too expensive for Gen Z
(www.axios.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 06 Dec 2023
193 points (97.1% liked)
News
23275 readers
3448 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
How many people are renting alone? I dunno anyone who can afford that.
My cousin does it, but he makes 6 figures, so hes not exactly the most struggling person. Basically if you work a regular ass job, the likely hood of being able to afford rent alone is pretty low.
Depends on the part of the country
Typical rent in my city is like $1000-1500 for an entire 2 bedroom house. Even my brokest friends have their own place.
San Francisco or NYC? Enjoy your 150sqft shithole for $3k/mo.
Yes. Rent is cheaper in undesirable places to live. This is not surprising to anyone.
Not necessarily. Rent is cheaper in places that have enough housing to meet demand. It's easier to have enough housing in less desirable markets, but it's certainly not impossible to meet demand in a desirable market too. Chicago has median rent under $2k as an example of a major city without this problem.
Chicago isn’t the bastion of desirable place to live. Sure it’s a major city, but it’s really only viable in a few industries and the weather is abysmal.
Look towards either coast and you’ll see more moderate climates being a lot more expensive.
Chicago is absolutely a desirable place to live, half of my friends moved there or are planning to move there. It's the 3rd largest city in the USA, and while the winter weather sucks, it has head over heels the best urban design I've seen in an American city which more than makes up for it. I'm curious as to what industries you wouldn't be able to make a career in in Chicago? They have a significant presence in just about every major industry sector except local natural resource extraction.
Regardless, it's not desirability in and of itself that makes coastal cities expensive, it's shit housing policy. Demand exacerbates the issue, yes, but the root cause is that there are more people trying to live there than housing units available. NYC for example is building less than 30% of the housing units required to meet demand. It's not because there's nowhere to put them, these units have already been designed, planned, and submitted for approval, but most of them will get buried in red tape, bureaucracy, and NIMBYism.
Outside the USA, it's much easier to find desirable, affordable cities. There's plenty across Europe and Asia that make American coastal cities look like hovels. Tokyo is the prime example, but outside the USA, cheap housing in major cities is more of the norm than the exception, with some outliers like London. I just randomly picked Berlin, a city I know nothing about other than it's a fairly major one in Germany, and median rent for a 1br apartment in the city center is around $1400 equivalent. I wouldn't say that's cheap, but it's nowhere near as outlandish as SF bay area or NYC.
Both my gf and I could pay our expenses on a single salary and we're far from rich, we just made the decision to live in a town of under 10k instead of a city of millions...
Edit: I find it very funny that I get downvoted every time I mention that living comfortably outside major city centers is possible... If everyone that's now 100% remote moved to smaller towns, cities might even become affordable to live in!