I honestly don’t doubt it. The renting prices are being fixed by companies. There’s no competition. In fact, every new complex that opened in my area in the past 4 years is significantly more expensive than the last.
The newest one had 2b2b for 2,300. Luxury apartments in my area go up to 2,800. If I look at a restricted income apartment, the lowest is 1,300 and has an income cap of 56k for a 1b1b, and rent increases $50 every year.
This is a vacation destination. Data is not beautiful because it’s not surprising. Would be interesting if you can correlate this with individual vs private institutions purchasing real estate to support it.
![[OC] Comparing rising rent vs. income and inflation, Honolulu, 2005-2022](https://www.europesays.com/wp-content/uploads/2024/08/bicsvb4472kd1.png)
3 comments
Created in excel and powerpoint, because I’m a basic ass bitch
data source is posted [here](https://github.com/arilamstein/censusdis-streamlit/blob/main/county_data.csv)
inspired by another redditor’s attempt [here](https://www.reddit.com/r/Honolulu/comments/1ewlck1/median_income_38_vs_median_rent_90_on_oahu_since/)
and [here](https://www.reddit.com/r/Honolulu/comments/1ewlck1/median_income_38_vs_median_rent_90_on_oahu_since/lizj8fk/) they suggested I make my own
I honestly don’t doubt it. The renting prices are being fixed by companies. There’s no competition. In fact, every new complex that opened in my area in the past 4 years is significantly more expensive than the last.
The newest one had 2b2b for 2,300. Luxury apartments in my area go up to 2,800. If I look at a restricted income apartment, the lowest is 1,300 and has an income cap of 56k for a 1b1b, and rent increases $50 every year.
This is a vacation destination. Data is not beautiful because it’s not surprising. Would be interesting if you can correlate this with individual vs private institutions purchasing real estate to support it.