![thelandofmaps:
How many hours you would have to work on minimum wage to afford rent in each US state. [x-post from r/youshouldknow] [640 x 475]CLICK HERE FOR MORE MAPS!thelandofmaps.tumblr.com
What does this mean for housing affordablity across the nation?](http://24.media.tumblr.com/801ec68f84d651947d1476b12b8dfe2c/tumblr_mkea65fA031s6c1p2o1_250.png)
How many hours you would have to work on minimum wage to afford rent in each US state. [x-post from r/youshouldknow] [640 x 475]
CLICK HERE FOR MORE MAPS!
thelandofmaps.tumblr.com
What does this mean for housing affordablity across the nation?
Think your 5th floor walkup in the E. Village is cramped? There are 100,000 people in Hong Kong whose sub-divided apartments average 40 sq. feet in space. And the rents in Hong Kong are 35% higher than in New York.
(via wnyc)
Circa 1900-1910. “Yard of tenement, New York City.” Hung out to dry somewhere in Manhattan.
(Source: kentnihilisti)
![theatlantic:
It Is Now Cheaper to Own Than Rent In Every Single One of America’s Largest Metros
There’s no doubt that home ownership is far more affordable today than it was before the bubble burst. Even so, it still makes sense to balance the short-run costs of owning versus renting with longer-run expected returns. Four of the five metros above — New York, San Francisco, San Jose, and L.A. — may be expensive because the market is pricing in predicted appreciation over the long-run. The reason prices are lower, and more affordable, in other metros likewise may be because the market expects lower rates of appreciation. There’s also the all-important question of ability to exit — whether and how quickly you can sell if you need to.
Read more. [Image: Trulia]
What? What if you can’t afford to own?](http://25.media.tumblr.com/tumblr_maayo8mVSB1qcokc4o1_250.jpg)
It Is Now Cheaper to Own Than Rent In Every Single One of America’s Largest Metros
There’s no doubt that home ownership is far more affordable today than it was before the bubble burst. Even so, it still makes sense to balance the short-run costs of owning versus renting with longer-run expected returns. Four of the five metros above — New York, San Francisco, San Jose, and L.A. — may be expensive because the market is pricing in predicted appreciation over the long-run. The reason prices are lower, and more affordable, in other metros likewise may be because the market expects lower rates of appreciation. There’s also the all-important question of ability to exit — whether and how quickly you can sell if you need to.
Read more. [Image: Trulia]
What? What if you can’t afford to own?
