this post was submitted on 23 Jul 2025
68 points (100.0% liked)
A Boring Dystopia
13158 readers
743 users here now
Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
Rules (Subject to Change)
--Be a Decent Human Being
--Posting news articles: include the source name and exact title from article in your post title
--If a picture is just a screenshot of an article, link the article
--If a video's content isn't clear from title, write a short summary so people know what it's about.
--Posts must have something to do with the topic
--Zero tolerance for Racism/Sexism/Ableism/etc.
--No NSFW content
--Abide by the rules of lemmy.world
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Median household income in 2023 was $80,610. Which makes the median host 5.5 times the median household income. https://www.census.gov/library/publications/2024/demo/p60-282.html
When I bought my house about 12 years ago the bank said they would lend 4x household income. How are people even buying houses at this ratio?
My wife and I are in the process of buying our second home. When we went to get preapproved we were worried we wouldn't qualify for the mini farm we were looking at. We qualified for more than we needed just on my income alone. I make $78k a year and they said they'd give me close to $500k. Those payment would be almost my entire monthly paycheck.
It's predatory.
Many sales are to landlords or private equity.
And that's with maxing out your mortgage allowance, which I honestly wouldn't recommend if you can avoid it.