▲ 57 ▼ A viral $16 McDonald’s meal won’t go away, and that’s a problem for Democrats | CNN Business (www.cnn.com) submitted 2 years ago by Yuritopiaposadism@hexbear.net to c/politics@hexbear.net 43 comments fedilink hide all child comments
[–] Wakmrow@hexbear.net 15 points 2 years ago (3 children) Never in the history of rent has rent gone down permalink fedilink source parent hideshow 3 child comments replies: [–] mosiacmango@lemm.ee 4 points 2 years ago* This isnt true. Covid caused a sharp drop. Before that the housing crash in 2008 did as well. The problem is that rent only went down on cataclysm. Otherwise, it just goes up. The further problem is that it likely wont go down much on cataclysm anymore, as investment firms snap up cheap housing and use third parties algorithms to do rent price fixing. permalink fedilink source parent [–] Kaplya@hexbear.net 1 point 2 years ago (1 child) I linked this article in another reply already: https://www.rent.com/research/average-rent-price-report/ Asking rent has been declining since September 2023. New rental leases have lower rent than a year prior. But because the Bureau of Labor Statistics has a 12-month lag in housing price, the elevated rent is still being counted in the CPI print, but this will continue to drop when new rental leases are being counted over the next few months. permalink fedilink source parent hideshow 1 child comment replies: [–] MayoPete@hexbear.net 4 points 2 years ago Don't you love how the price of such a critical part of life is controlled by a so-called "free market"? Maybe we can try a different way of distributing housing and shelter to people? permalink fedilink source parent
[–] mosiacmango@lemm.ee 4 points 2 years ago* This isnt true. Covid caused a sharp drop. Before that the housing crash in 2008 did as well. The problem is that rent only went down on cataclysm. Otherwise, it just goes up. The further problem is that it likely wont go down much on cataclysm anymore, as investment firms snap up cheap housing and use third parties algorithms to do rent price fixing. permalink fedilink source parent
[–] Kaplya@hexbear.net 1 point 2 years ago (1 child) I linked this article in another reply already: https://www.rent.com/research/average-rent-price-report/ Asking rent has been declining since September 2023. New rental leases have lower rent than a year prior. But because the Bureau of Labor Statistics has a 12-month lag in housing price, the elevated rent is still being counted in the CPI print, but this will continue to drop when new rental leases are being counted over the next few months. permalink fedilink source parent hideshow 1 child comment replies: [–] MayoPete@hexbear.net 4 points 2 years ago Don't you love how the price of such a critical part of life is controlled by a so-called "free market"? Maybe we can try a different way of distributing housing and shelter to people? permalink fedilink source parent
[–] MayoPete@hexbear.net 4 points 2 years ago Don't you love how the price of such a critical part of life is controlled by a so-called "free market"? Maybe we can try a different way of distributing housing and shelter to people? permalink fedilink source parent