I saw a news article today that said that fully employed professionals are having a hard time making rent.
Gee, who would have figured that the metrics that drove me to abandon renting have started to catch up to others as well?
There are many who say that if you can’t make ends meet, that is a failure on your part. To a certain extent this is true.
The answer to a fiscal crunch is usually to downgrade your lifestyle. Yet, what do you do when the whole rental market (or real estate market) has gone insane with stupidly high prices?
You can only cut back so far before you are paying way too much for too little or you chuck it all in and leave, or move in to an RV (like me).
We as a society cannot ignore the fact that the cost of living is rising much higher than wages. This has been happening for so long now that when mentioned it is just shrugged at.
Perhaps we are starting to see a major problem being exposed when (I would hazard a guess) that a healthy portion of our society are house poor.
That means that the lion’s share of any income they take home goes to just existing.
Am I the only one who sees the crash that is inevitable as the vast majority of our society stops all non-essentials? (As in rent, food, utilities and transportation.)
Maybe it won’t get that bad tomorrow, but if this trend keeps happening, I will have a lot of company on the streets.
Maybe I will have to found that “Economic Refugee Camp” after all.
As always: Keep your head up, your attitude positive and keep moving forward!