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News@lemmy.world · 1 year ago

Apartment rents are on the verge of declining due to massive new supply

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Apartment rents are on the verge of declining due to massive new supply

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News@lemmy.world · 1 year ago

A year ago, rents were posting 11% annual growth. Now they look like they're about to go negative year over year.

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1 year ago
https://www.bls.gov/charts/usual-weekly-earnings/usual-weekly-earnings-over-time-total-men-women.htm#

Check the 1982 dollars table, over the last 20 years we went from ~$330 to ~$360 which means wages outpaced inflation

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