(07-15-2022, 12:18 PM)Norgarth Wrote:
This fails a very important scaling issue.
Average rent was 500 a month, or 6000 a year, against 30 000 a year in average income.
Average rent is now 2000 a month, or 24 000 a year, against 50 000 a year in average income.
In 1990 the average household would pay 20% of its income as rent. The modern household pays 48%.