Quote (ofthevoid @ May 31 2024 09:26am)
land whales are doing fine though, because they get state subsidies that tend to at least somewhat keep up with inflation
The ones being fucked the hardest are the working poor, lower-middle class that work full time, so make too much to qualify for any aid but are still seeing 30+% rise in food prices while getting like a 2% per annum raise.
edit:
like I'm thinking about it.. there's parts of the country in certain states where the median household income is like 50k. Those people and households are in a real bind. I probably spend 1k on my family groceries, shopping relatively frugally. Idk how a family making 50k would be able to do that while paying for a home, insurance, & all the other expense that ALSO spiked much higher. They probably literally save nothing.
Those people have privilege to income qualified homes though and a plethora of other social safety net programs. It's the families just beyond the income thresholds that are being screwed. No safety net for them as inflation rips into their meager savings. For example, a brand new single family house, 3 bed, 2 bath listed for $175k for low income qualified. Meanwhile, open market had same house, but old as hell selling for $310k. Those making just above the income bounds are getting screwed. In my region, you disqualify if family of 4 over $81k/yr. These housing programs are county by county.
Anyways, I'd like to see a family of 4 making $82k/yr afford that $310k fixer upper at these rates.