Heck mine quintupled in 6 months at the last place i rented
this post was submitted on 31 Aug 2024
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I don't believe average rent was $500 in 1990. In 1995 I was paying $450 per month to sleep on a couch in someone's house. I eventually saved enough for all of the moving expenses and managed to get a tiny 1 bedroom apartment in a terrible part of town for $485. When I found a roommate I moved to a better part of town and our two bedroom apartment was $700 per month. That was like 1996. This was all in a fairly affordable city. So pardon my suspicion, but I think this post is creating a rosier past than the one we lived through. Also, minimum wage was $4.25 an hour everywhere. Now it's $15-$20 per hour in most major cities. Overall I think the poor are making more comparatively, but the middle class are worse off, and it's a shrinking economic status group.
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4x in 10 years where I live. I feel like Mr. Krabs in that blurry meme