US EditionHousing Crisis: in CABA, 2.7 Minimum Wages Are Needed to Access Rent
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Rents accumulate an increase of 16.9% so far this year and the minimum wage is still not enough to cover the monthly cost of a home.
One report marked increases of up to 5 percentage points in June compared to May for rentals of apartments of 2 and 3 environments. There is also a contraction of the locative market
Renting in the City of Buenos Aires became an odyssey for the majority. In order to access a two-room department, 2.7 minimum wages are needed today, according to the latest survey of the Center for Metropolitan Studies (CEM). And that, without counting the costs, which continue to rise well above inflation. The average salary barely reaches to cover 63% of the value of a two-room rental. If the cost of the costs, which represent almost 17% extr…
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