Tag: Affordability

HarperCollins Strike – July 20, 2022

More than 200 unionized HarperCollins employees are on strike today following months of contract negotiations, which began in December 2021 and which, they say, have not yielded a fair agreement for workers.

HarperCollins, based in New York City—where the median rent recently reached $4,000 a month—offers a starting salary of $45,000, and unionized workers make an average salary of $55,000. Employees are calling for a pay increase along with more family leave benefits, improved efforts to diversify the company, and “stronger union protection,” while currently working without a contract, according to a press release.

Employees are currently holding a picket line in lower Manhattan, where others have joined them in support.

HarperCollins workers are on strike today
Corinne Segal
Lithub

Denver Housing – Unaffordable

Talk to anybody looking to buy a place to live in Denver and they’ll tell you about their struggles. Properties are too expensive for most mortals to afford, bidding wars have been raging, and even though there are slight signs the market is cooling down, prices are still higher than ever.

In fact, Denver just ranked as the fifth least affordable real estate market in the United States. That’s according to an April report from Ojo Labs, an Austin-based real estate company.

In March, the median selling price for a home in Denver was $564,990 (compare that $520,000 in the New York City area). That was 23.2% higher than the previous year, according to the report.

The least affordable city was San Francisco, where the median home price was $1.3 million.

Only four U.S. cities were less affordable than Denver in March
Other than San Francisco, San Diego, Los Angeles and Miami, pretty much everywhere else is cheaper to live.
Kyle Harris

Getting By in Denver

The_Raji
I was living with roommates when I was making 40k a year.

PandaKOST
Notice, too, “roommates” and not “a roommate.” The housing situation out here is bonkers.

Lonely-Criticism1419
Fiancé and I both work full time and we have a studio apt, no kids

ashrnglr
… I make decent money but a house still seems like a dream. Maybe one day

TheAbbott418
… I make good money and a house in this state just is not happening. Remote life is about to be for real…plan to move to a place that hasn’t gone insane.

throwawaypf2015
i make 50k. union job. on a good year maybe 55k with overtime and differential. have my own place. no debt, no kids. i’m struggling tbh.

UBsamsongz
Roommates. 3 bd 2 bt house in the Westminster area. $2200 a month. It goes up in February though

NOTE –
If you’d like to see similar discussion pertaining to any particular city, google something like this:
reddit afford living San Francisco
Results:
1 How do you guys afford to live here? : San Francisco … – Reddit
2 If “nobody” can afford to live in SF – who exactly inhabits all …
3 Is this enough money to live and save in San Francisco – Reddit
4 What do a lot of people in San Francisco do for a living to …
5 How can people afford living alone in SF? : r/AskSF – Reddit
6 I can’t afford to live in SF. : r/sanfrancisco – Reddit
7 How do people afford to buy in the Bay Area without rich …
8 How Do People Afford to Live in the Bay Area? We Asked …
9 Can someone from SF explain to me how people afford to live …

Denver Home Price Average Over $700,000

As documented by the January 2022 market-trends report from the Denver Metro Association of Realtors, the red-hot real estate scene in Denver has defied expectations, with the average price for a detached home in greater Denver rising above $700,000, a mark associated with the eye-popping peaks registered during the spring and early summer.

Denver Home Price Average Over $700,000 — Again
Westword
MICHAEL ROBERTS

Renting in Denver – Rent Going Up

Blake Kittridge has lived in Denver for 4 years. He moved into the Infinity LoHi building in the middle of the pandemic. He likes living there but recently, they told him they are raising his rent by more than $800 a month.

“I know that this is more of like a price-gouging thing,” he says. “The entire reason they are raising my rent like they are is because they believe they can get that on the market so they can push me out.”

He rents a one-bedroom apartment for $1,650 per month. His landlords just told him rent for next year is going up to $2,490 per month.

Ron Throupe, an associate professor of real estate at the University of Denver. He just completed a second-quarter study about the rental market in Denver. He says rent is up on average by $107 for the quarter.

“That’s the largest rent increase quarterly we’ve ever seen in this survey,” Throupe says.

CBS Denver
Michael Abeyta

Growing Up Poor – Rules Of

march_rogue 
We weren’t allowed to do any kind of extra curricular activities. So, no instruments, no joining any kind of sports or girl scouts or anything that required an upfront investment for uniforms or the season. Walmart shoes.

My dad once said I wasn’t really in need of glasses, that I just wanted to look like all my four eyed friends? lol (spoiler alert, totally needed them)

Off brand everything.

Abbreviations-Odd
Keep your hair brushed, your clothes clean, and be articulate and polite in all circumstances. We were not going to be “trash” just because we were poor.

Also, no wearing ripped jeans, even if it’s the style. We’re not spending money on new pants that look like old worn out pants.

ohnoooooooooooooooo
I grew up in a trailer. In fourth grade, a girl was having a birthday party and needed addresses for invitations. The next day she told me her parents uninvited me because I lived in the trailer. That was a new thing I learned I was supposed to be embarrassed about.

I guess just expecting to have to deal with other people’s shitty parents sometimes.

CoolMomInAMinivan
You never brought the field trip permission slips home because you knew better than to make your mom feel guilty she couldn’t pay the $5-20 fee to let you go.

gajillionaire
Going to the doctor isn’t an option until your fever is sustained at 104, a bone is broken, or the tooth rotted and won’t fall out on it’s own.

I am in my late 30’s with full insurance and still have a hangup about going for medical care.

labbykun 2
Paper plate holders were a staple in our house.

A real treat was getting donuts and chocolate milk in the morning.

We knew the exact date of grocery shopping because that’s when the food stamps came in.

Most meals were “experiments” made from the food we got from the food pantry.

We didn’t get next gen. We got a-few-gens-ago gaming systems. And no internet.

Go Fund Me as Health Care Finance

 

‘Why Is It So Expensive?’
We Asked People From Around the
World What They Think of U.S. Health Care.
Video by Chai Dingari, Adam Westbrook and Brendan Miller

From the comments:

Nan
One day I had a serious hemorrhage and was taken to a nearby public trauma hospital via an ambulance. As the doctor was frantically trying to stop the bleeding in the emergency room, I kept rambling incoherently (under powerful anesthetic) to confirm that the hospital was “in network” – the healthcare workers reassured me “you are fine.”

Zezee
When my friend fell and couldn’t get up she insisted that no one call an ambulance. She called her brother and waited – in excruciating pain – but she was more afraid of the cost of the ambulance.

Jim
I worked for a major medical company (Think of big health insurer they are all the same) when Obama care came around. Did we worry? Nope, because their profit was built in. healthcare companies just wanted to “reject” preexisting conditions . We knew, all the health plans would go up…listening to our “elected officials”, us lemmings in the office KNEW IT WAS A LIE… everyone knew the cost of insurance would GO UP.

We had unpaid claims that sat in our database FOR YEARS, never paying them because in a decade…that 50k is cheaper to process and it would just stay in a “round robin” appeals process that goes on forever. (literally we had claims that SAT unpaid for a decade or more because paying a 50k or 1 million dollar claims/debt from 10 years ago is cheaper, we talked about it openly)… All our executives made huge paychecks, huge paydays….. Its ridiculous. Meanwhile the rules are made by companies to pay as little as possible…I loved working for an insurance company, I had the Cadillac of Cadillac of insurance…. Literally it was the only redeeming quality .

Average Denver Home Price Hits $674K, Up $40K in a Month

Average Denver Home Price Hits $674K, Up $40K in a Month from r/Denver

nmesunimportnt
Median home price is a much better measure since it is less skewed by huge transactions at the top end. Median is still bad at ~$560,000.

Ecredes
The same report has median stats too, up 30k since last month.

EvergreenSea
Sheesh. That’s bad news for us wannabe homeowners.

jballs
Seriously, how do people just starting off afford houses now? I’m lucky enough to have bought our first place 13 years ago when it was still possible to by a place with a 2 in the starting digit. How can people just starting out even hope to buy a house for half a million dollars minimum?

solidtwerks
Is everyone up to the eyeballs in debt?

lhturbo
its a lot of out of state money coming in. Sell their home in Cali or New york for way more value and pay cash here.

meissho1
And I imagine investment firms as well just gobbling up properties so they can rent them out at exorbitant rates.