This is the world we live in now. “Life is hard, I give up.”
(media.greatawakening.win)
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You're at the mercy of your landlord and the real estate market to keep your housing cost so low. When the real estate market starts to go up, which it is currently in most of America, rent will also go up.
It's better to own your home before you drop out of the workforce. Then your only housing cost is real estate taxes and upkeep.
500.00 studio apartments a year ago are now 12 to 1500 a month in Phoenix
It's happening everywhere. Urban, suburban, and rural areas are all effected.
There's only a few places where real estate is declining, and that's largely the ultra-expensive cities that are losing people due to work from home.