What I find interesting about this is that someone can still afford it because the market sets the price. We know that housing costs have increased immensely due to limited supply and because housing is a need, but someone can still afford it. Otherwise, they'd lower the price to whatever someone can pay. So if a lawyer cannot afford the rent, who can??

[–] morphballganon@mtgzone.com 33 points 1 month ago* (last edited 1 month ago)

Otherwise, they'd lower the price to whatever someone can pay.

Not necessarily. You'd have to look at vacancy rates. But even a city-wide statistic won't be very useful because it looks at low- and high-income units alike. Fancy new buildings have higher vacancy rates due to higher prices. If you had some way to isolate the vacancy rates of high-income buildings, I think you'd see there are quite a few vacancies.

So if a lawyer cannot afford the rent, who can??

Lawyer salaries are not universally high. The idea that lawyers make a lot of money comes from the top lawyers. Don't look at "average" lawyer salary, as the mean of a set of data can be heavily skewed by outliers.

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