> Why do you think rent to income increased 2x in L25y?
I didn't say I think this happened, I just gave example with "if", in reality change may be not as extreme, but even say 20% change on average meaning that certain slice of population was downsizing because was affected dramatically.
I think these stats are not even and can be heavily sliced by region/social slice, e.g. in silicon valley rent definitely raised 2-3 times in last 15 years, but blue color workers didn't receive equal raise in wages.
> in silicon valley rent definitely raised 2-3 times in last 15 years, but blue color workers didn't receive equal raise in wages.
Source? In the last 15 years, SF median rent went up 78% and SF minimum wage went up 93% [1] [2], so it seems quite likely blue color wages outpaced inflation.
I notice a worrying trend where people invent negative economic stats instead of looking at the real numbers [3].
I know the price of specific apartments. 2br went up from 1600 to 3200-3800(depending on month price varies), and many blue color workers who used to live there moved from that complex.
> SF median rent
your graph shows not SF (which is actually not silicon valley) but SF-Oakland metropolitan area. SF rent likely raised more than that.
> SF minimum wage went up 93%
Min wage is an outlier, they couldn't afford rent then and now.
Another factor is taxes, while wages increased, wages after taxes increased slower, because pushed income to another bracket.
It's impossible to have a serious discussion on (rent/income) trends if your only source is an ancedote about a single (unnamed) apartment's price. (And you include no data on wages at all.)
