- cross-posted to:
- aboringdystopia@lemmit.online
- cross-posted to:
- aboringdystopia@lemmit.online
Exclusive: most renters surveyed by Harris Poll say the areas they live in have become so unaffordable they are ‘barely livable’
The poll, conducted by the Harris Poll Thought Leadership and Future Practice, asked survey takers to identify themselves as renters or homeowners, along with other demographic information. Those polled were asked their opinion on home ownership in the United States. For many, especially renters, the outlook is bleak.
Though the vast majority of renters polled said they want to own a home in the future, 61% said they are worried they will never be able to. A similar percentage believe no matter how hard they work, they’ll never be able to afford a home.
“When you think about Maslow’s hierarchy of needs, and housing is right at that foundational level of security, the implications on consumer psyche when things feel so unaffordable is something that will impact everyone,” said Libby Rodney, chief strategy officer at Harris Poll. The American dream of owning a home “is looking more like a daydream for renters”.
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Sorry, I definitely might come off as rude in this comment, but this line of thought really annoys me. Do you think people are poor simply because they’re too dumb to think “I should spend less money on groceries?” Don’t you think they’ve already considered finding a better-paying job, if such a possibility exists for them? If moving is even an option for them (which is a big if), where do you suggest they get the money to rent a moving truck, as well as the money for a security deposit on a new apartment?
Your comment is about as helpful as asking “Have you tried not being poor?”
It’s usually spending money poorly, yes. But I don’t blame them, I blame the lack of education on these topics.
If you aren’t even using freely available budgeting options, then I recommend to start there and assess spending.
I very rarely encounter people who complain about money but also have real concrete budget. If I ask it’s usually met with excuses and changing the topic.
If you truly have a genuine budget and still can’t figure out where the money is going, then it’s a more serious chat.
But the absurd frequency you see people posting about how they can’t afford groceries and lo and behold, they’re buying a bunch of overpriced garbage and paying extra for non necessities, it’s bananas.
If you complain about food costs and I find out you don’t know how to break down a whole chicken, I feel a little less bad for you.
If I find out your buying dumb shit, my empathy starts to go down.
I lived with and worked in a poverty stricken industry for many many years, and the constant frequency I saw people complain about money one day, then waste money the next, has gradually over time led me to just assume most people are completely inept when it comes to budgeting.
And I mean, it’s not exactly a required course in high school, so I am not that surprised.
And it’s mostly food, drugs, and alcohol when it comes to wasting money.
That and the “buying little things you dont need thatll end up in the trash” I see often. Fast fashion and all that jazz.
It’s a serious problem honestly.
You don’t seem to understand that poor people do not need a budget. Their “budget” looks like this:
Is this absolutely essential to my survival? (ie: rent, groceries, medication, toilet paper, health insurance, etc.)
Yes? Buy it.
No? Don’t buy it.
Repeat until you run out of money.
It often isn’t. I say this as someone who volunteers weekends on such a group (food donations).
It’s very often chasing dopamine hits to compensate for how utterly isolated and desolate they feel. WIthout a support network or community to back them up, the easiest at hand way to compensate is small expenditures on treating themselves to help stave off the doom.
Which add up very fast, because turns out treats aren’t free.
And this can take many forms. Collectibles, fast food, literal treats, energy drinks, coffee, cigarettes, weed, booze, etc.
When you have learned helplessness and truly believe it’s pointless to save money, it becomes trivial to waste it on dozens of little pick me ups.
I’ve seen it endless times. I’ve helped people budget and so often they are shocked to realize they are spending absurd amounts of money on their guilty pleasure.
Let me make this clear, I’ve helped a decent handful of folks unfuck their budget. They had jobs, they rented, they couldn’t figure out why saving money was hard.
We took a look and so much random shit Id be like “do you know you spent $300 at convenience stores this month?” And they’d be like “what? No way, that’s impossible”
But I’d show em and they’d be flabbergasted.
Turns out that red bull and a snack everyday before work, and a treat everyday after work, adds up to a huge hole in the pocket.
And these are people truly in poverty, min wage at best, part time, struggling to pay bills.
This is nothing but the avocado toast thing all over again you rancid piece of shit
The house my folks paid 120k for 6 years ago is valued at 650k, none of that has to do with my Steam collection.
Some houses shooting up in price due to various (shitty) factors does not mean every single house has. Only a small portion of them have which has biased the average price up.
If 10% of houses go up x5 in price, the average price will now calculate significantly higher even if the other 90% only change a small bit.
This is a common thing people try and cite. “Yeah but some house skyrocketed in price so that must mean house prices are fucked across the board”
They aren’t, that’s just a fact.
The following are fucked areas:
Major City cores as the west’s renting markets are unhinged atm.
Closer to the core suburbs of tourist destinations for the Airbnb markets
Pockets of speculation areas that are being heavily gentrified.
Properties with land large enough to be potentially capable of being split into 2 smaller properties legally, as a speculation market. (This us why sometimes you see big old spots suddenly skyrocket, they satisfy the conditions to turn into 2 properties which can be lucrative if leveraged by a rental company)
Everything else had been fairly well in lockstep with inflation from what I have seen.
Nice anecdata and all but I bought in 2020 and my place has almost doubled in value already. It’s a run of the mill condo.
The (already high) rent prices have also approximately doubled over the same time span.
Buying in early 2020 was the difference between me easily living here and likely having to move to a cheaper area of the country.
And I’m a debt-free, child-free elder millennial who has a large salary and whose parents paid for my college.
The problem isn’t that they aren’t scraping together enough of their $30k a year to save due to buying too many bon bons, it’s that they gross $30k a year and $15-20k of their net goes to the landlord.
That sounds 100% like your property fits roughly into one of the groups I outlineded above then.
Great, in that case they still don’t need a budget, they need impulse control.
I hope one day you can connect the dots on how the the former helps with the latter.
and your view is still grossly ignorant to the point you should be ashamed of yourself.
Nobody can budget 0$ dollars in to more dollars.
$0 implies you don’t have a job.
My entire post is about someone who has a job but complains about being unable to afford things.
Also, I missed another group, the “complains about money but never takes shifts” person.
Always saying they don’t make enough, can’t afford stuff, need more shifts, don’t get enough hours, abd yet always are also the person first to ask to be cut early, always trying to get other people to take their shifts, never picking up other people’s shifts, etc
There’s always a few of em at every job. They don’t seem to understand you have to actually work hours to get money, lol.
Over hundreds of folks I’ve worked with at dozens of gigs, I’d say about half of folks have both serious work ethic and responsible spending.
The other half either has shit work ethic, or, shit spending. Or both.
And I worked in a very much revolving door industry so I’ve seen a lot of faces in my time at this point.
The other half that had their shit together, every single one of them that I stayed in touch with over the years later, is now living comfortable in their 30s.
And when the topic comes up about so-and-so who was in the “doesn’t have their shit together” group, it’s either:
I also largely attribute this issue to undiagnosed mental disorders, and the west’s total lack of caretaking of them.
I’d sat the vast majority of those “doesn’t gave their shit together” folks struck me as having undiagnosed disorders and a total lack of support for it.
Which sucks, unfortunately, and I say that as someone who was in that group for a bit. You have to fight tooth and nail to get help in western capitalism.
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I dont smoke, I’ve never done drugs, and I drink a few times a year. Have I been guilty of a few frivolous purchases in the past? Sure, but now I literally do not have the money, so I can’t. I just make lists of things I’d like to buy “someday.”
I’ve gone out and bought a $7 rotisserie chicken, a $3 bag of noodles and a $3 bag of carrots, thrown them in a pot with a bunch of garlic, spices and water, slow cooked them for an entire day, then pulled out the chicken, ripped off all the meat, discarded the carcass, and lived for an entire month off that soup. I was sooo sick of chicken noodle soup.
But I shouldn’t have to. Why should I work my ass off for companies who make more and more profits while my rent goes up, food costs more and more, and every other fucking bill goes up, yet if I ask for a raise I’m a lazy millenial?
Have some fucking empathy.
Oh dear, thought I recognized that name and vibe. You’re not here to repeat this kind of thing again, are you?
https://lemmy.world/post/11830662