In fact, the average minimum wage worker in the U.S. would need to work almost 97 hours per week to afford a fair market rate two-bedroom and 79 hours per week to afford a one-bedroom, NLIHC calculates. That’s well over two full-time jobs just to be able to afford a two-bedroom rental.Minimum wage workers cannot afford rent in any U.S. state
But please, tell me more about how unemployment assistance is “too high.”
But now, amid the coronavirus pandemic, more employees are working remotely—and more destinations are offering cash to these workers to relocate. Cities and towns have long offered companies financial rewards for bringing jobs and tax revenues to their region, but now many are turning their attention, and incentives, toward these individual mobile workers.
Cities are offering cash as they compete for remote workers
Now that companies are kinda sorta realizing people can be based anywhere and still be productive, cities are catching on.
A third of America’s malls are going to shut permanently by 2021, according to one former department store executive, as their demise is accelerated due to the coronavirus pandemic. A third of America’s malls will disappear by next year: Jan Kniffen
I’m just saying that with a little ingenuity we could go a long way to solving the country’s affordable housing problem if this really comes to pass.
This isn’t the commune of so many comedies in the last 40 years, it’s a terrifying vision of how housing has priced out vast swaths of potential owners/renters.
Source: Co-living takes off as sky-high rents fuel a new trend in cohabitation
Lots of gears are put in motion when housing prices bottom out, but none exist for when they get too high for people to afford.
Source: The new housing crisis – Axios
Soaring housing costs are pushing people into homelessness, so good job, capitalism.
Source: Mayors say America’s homelessness crisis isn’t going away – Axios
Cool that they’re being repurposed as entertainment spaces, but what if these massive chunks of real estate were reimagined as low cost housing for the homeless and others on the verge of economic catastrophe?
Source: The year of the mall makeover – Axios
There’s a big crisis in housing as lawmakers try to free up areas for multi-family units and entrenched homeowners and conservatives seek to keep them out.
Source: Ibraheem Samirah’s Virginia zoning reform ends single-family zoning – Vox
It should be illegal to deny housing to someone just because they’re using vouchers.
Source: Vouchers can help the poor find homes. But landlords often won’t accept them. – Vox
At the same time we’re trying to suss out the problems tech-triggered buying has caused in other industries it’s being introduced to the housing market.
Source: This new trend in house selling could cast a cloud over America’s property market – MarketWatch