Rent too damn high

Rent is too damn high, especially if you work for minimum wage. Tell me again why we shouldn't raise the minimum wage?

The Raleigh-Durham area joins several mid-size metros as having the highest rent increases in 2014, according to a recent report in the Wall Street Journal.

The report, based on data from real estate research firm Reis Inc., looks at apartment rents in the fourth quarter 2014 compared to the previous year. Nationwide, the average increase was 3.6 percent; Raleigh rents rose 4.8 percent.



Some stats on affordable housing

can be found here at the NC Housing Finance Agency, which administers most of the Federal funding for housing assistance. If you open the five year plan document and scroll down, you'll see the lowest income category appears to have very little money earmarked for affordable housing construction. Not good.