I haven’t had an apartment in 20 years, and while I am not defending price increases because it does feel like they are pretty high, apartments now are *MUCH* nicer than they were 20 years ago.
Quartz counters, stainless steel high end appliances, hardwood floors, amazing amenities, better layouts, etc, etc.
I am looking at the nicer 3-5k a month ones, but still, I have a house I bought 5 years ago for $525K in the ‚burbs (now worth like $650K or so) and in every single way but square footage, the apartments are nicer than my house.
My house costs me $2500/month mortgage because I got a 2.25% VA loan with no money down, and do not have to pay $800 or so a month in property taxes (disabled veteran). I’m still looking at $4k/month apartments as an upgrade.
breakthro444 on
Is average the only and best way for us to collect? I only ask because I only ever see „average“ when talking about cost. It always feels weird when we compare average rent, average hourly wage, and then throw in median full time wage.
Shouldn’t we just be looking strictly at median for everything to get a more accurate picture?
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* Median usual weekly earnings (LES1252881500Q): [https://fred.stlouisfed.org/series/LES1252881500Q](https://fred.stlouisfed.org/series/LES1252881500Q?utm_source=chatgpt.com)
* Consumer Price Index for Rent of Primary Residence (CUUR0000SEHA): [https://fred.stlouisfed.org/series/CUUR0000SEHA](https://fred.stlouisfed.org/series/CUUR0000SEHA?utm_source=chatgpt.com)
* Average hourly earnings, total private (CES0500000003): [https://fred.stlouisfed.org/series/CES0500000003](https://fred.stlouisfed.org/series/CES0500000003)
Datawrapper was used.
So has the population due to mass immigration
I thought I blocked this sub.
I haven’t had an apartment in 20 years, and while I am not defending price increases because it does feel like they are pretty high, apartments now are *MUCH* nicer than they were 20 years ago.
Quartz counters, stainless steel high end appliances, hardwood floors, amazing amenities, better layouts, etc, etc.
I am looking at the nicer 3-5k a month ones, but still, I have a house I bought 5 years ago for $525K in the ‚burbs (now worth like $650K or so) and in every single way but square footage, the apartments are nicer than my house.
My house costs me $2500/month mortgage because I got a 2.25% VA loan with no money down, and do not have to pay $800 or so a month in property taxes (disabled veteran). I’m still looking at $4k/month apartments as an upgrade.
Is average the only and best way for us to collect? I only ask because I only ever see „average“ when talking about cost. It always feels weird when we compare average rent, average hourly wage, and then throw in median full time wage.
Shouldn’t we just be looking strictly at median for everything to get a more accurate picture?