#high-rent

#high-rent

By 2024, the share of same-sex couple households increased to about 1.0% of all U.S. households, or 1.4 million, double the number of same-sex households in 2005.

"Today's increase is significant, but it doesn't mean the labor market is back on track or growing robustly. The gains are highly concentrated in a few industries, not broad-based across the economy."

The cost rose a lot following the pandemic. And some of that was supply chain issues that really increased the costs, and then they didn't quite come back down. And now tariffs are also impacting some products. These costs are part of the reason the amount of new rental housing stock is shrinking.

"The landlord did not pay attention to this house whatsoever. We didn't even know we had a landlord."

Perhaps the best that can be said for the plight of California renters is that it could be worse. My trusty spreadsheet reviewed monthly rents and hourly wage data collected by United Way, comparing 2024 with 2019 for 96 U.S. metropolitan areas, including nine in California. Those statistics show that paychecks are not keeping up with monthly rent payments, both in California and nationwide.

According to the Bureau of Labor Statistics, rents have jumped nearly 28% in past five years. Companies such as Flex, Livble and, more recently, Affirm, say breaking rent into multiple payments can help renters manage cash flow. But consumer advocates warn the products typically function like short-term loans, layering fees onto already strained budgets and, in some cases, carrying triple-digit effective interest rates - raising questions about whether they ease financial pressure or deepen it.