The truth about the media

ttystikk

Well-Known Member
All news is fake news
This is a good beginning.

The next step is to learn to think critically and then to bring those critical thinking skills to bear on as much information about the world, its people and the messages being delivered to us as possible.

Not everything is a lie.

Not everything is the truth.

The only way to learn to spot and discern one from the other is to learn as much as possible and accept nothing you're told at face value.
 

ANC

Well-Known Member
http://www.iol.co.za/business-report/international/americans-cant-afford-rent-on-a-minimum-wage-9688740
Sometimes what helps is read what is said about you in other countries.

...The minimum hourly wage required to afford rent on a two-bedroom apartment, of course, depends on where you live - ranging from a low of $11.46 in some counties in Georgia to a high of $58.04 in the San Francisco Bay Area.

The most expensive state for housing is Hawaii, where workers would need to make $35.20 an hour to afford a two-bedroom apartment. They would need to make $33.58 in the District of Columbia, $30.92 in California, $28.27 in Maryland, and $28.08 in New York.

In the District of Columbia, where the hourly minimum wage is $12.50, a household say a single parent - must earn $69,840 a year to be able to afford the fair market rent of $1,746 a month for a two-bedroom apartment.

Someone making the federal minimum wage would need to work 117 hours a week or nearly three full-time jobs - to be able to afford a two-bedroom apartment.

Many of the occupations projected to add the most jobs by 2024 pay too little to cover rent.

These are customer service representatives, personal care aides, nursing assistants, home health aides, retail salespeople, home health and food service workers who make, on average, between $10 and $16 an hour. Those whose earnings put them below the federal poverty level cannot even afford the average cost of a one-bedroom apartment in any state.

The national average rent is $892 a month for a modest one-bedroom apartment and $1,103 for a two-bedroom. As a result, more than 11.2 million families end up spending more than half their pay checks on housing, the report said a trade-off with other basic needs such as food, transportation and medical care.

The picture is not expected to improve in the near future as the rental market remains strong and vacancy rates decline. A record 43.3 million households were renters in 2016, a 27 percent increase since 2006, the report said....



...The National Low Income Housing Coalition characterized the lack of affordable rental housing as a national crisis for poor and middle class Americans of all ethnic groups, in cities as well as rural communities.

Ellison has sponsored a bill that would reduce the popular mortgage interest deduction, which benefits mostly high-income earners, and use the additional tax revenue to expand access to rental homes. Each year, he said, three-quarters of the $200 billion Congress spends on housing goes towards subsidizing the homes of the richest families through the mortgage interest deduction and other home-ownership tax benefits.

"This means that we provide more housing assistance to help the richest 7 million households - who earn more than $200 000 a year than to help the 55 million households who earn less than $50 000 each year, even though these families are far more likely to struggle to keep a roof over their head," Ellison wrote.

Previous proposals to reduce the mortgage interest deduction have all failed....​
 

ttystikk

Well-Known Member
http://www.iol.co.za/business-report/international/americans-cant-afford-rent-on-a-minimum-wage-9688740
Sometimes what helps is read what is said about you in other countries.

...The minimum hourly wage required to afford rent on a two-bedroom apartment, of course, depends on where you live - ranging from a low of $11.46 in some counties in Georgia to a high of $58.04 in the San Francisco Bay Area.

The most expensive state for housing is Hawaii, where workers would need to make $35.20 an hour to afford a two-bedroom apartment. They would need to make $33.58 in the District of Columbia, $30.92 in California, $28.27 in Maryland, and $28.08 in New York.

In the District of Columbia, where the hourly minimum wage is $12.50, a household say a single parent - must earn $69,840 a year to be able to afford the fair market rent of $1,746 a month for a two-bedroom apartment.

Someone making the federal minimum wage would need to work 117 hours a week or nearly three full-time jobs - to be able to afford a two-bedroom apartment.

Many of the occupations projected to add the most jobs by 2024 pay too little to cover rent.

These are customer service representatives, personal care aides, nursing assistants, home health aides, retail salespeople, home health and food service workers who make, on average, between $10 and $16 an hour. Those whose earnings put them below the federal poverty level cannot even afford the average cost of a one-bedroom apartment in any state.

The national average rent is $892 a month for a modest one-bedroom apartment and $1,103 for a two-bedroom. As a result, more than 11.2 million families end up spending more than half their pay checks on housing, the report said a trade-off with other basic needs such as food, transportation and medical care.

The picture is not expected to improve in the near future as the rental market remains strong and vacancy rates decline. A record 43.3 million households were renters in 2016, a 27 percent increase since 2006, the report said....



...The National Low Income Housing Coalition characterized the lack of affordable rental housing as a national crisis for poor and middle class Americans of all ethnic groups, in cities as well as rural communities.

Ellison has sponsored a bill that would reduce the popular mortgage interest deduction, which benefits mostly high-income earners, and use the additional tax revenue to expand access to rental homes. Each year, he said, three-quarters of the $200 billion Congress spends on housing goes towards subsidizing the homes of the richest families through the mortgage interest deduction and other home-ownership tax benefits.

"This means that we provide more housing assistance to help the richest 7 million households - who earn more than $200 000 a year than to help the 55 million households who earn less than $50 000 each year, even though these families are far more likely to struggle to keep a roof over their head," Ellison wrote.

Previous proposals to reduce the mortgage interest deduction have all failed....​
To be fair, that is reprinted from the Washington Post.

Amazing how even the home mortgage deduction helps the wealthy more than the poor. The uncapped deduction therefore directly contributes to the unaffordability of housing!

This is getting comically extreme in some parts of the country, where I've heard of people who make over $80k/yr living in residence hotels instead of apartments.

Comical but in no way funny.
 
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