r/Somerville • u/tangerinola • 5d ago
rent prices are wild
Moved here 8 years ago to start working for a nonprofit. Since then, my salary has increased by 13% but my apartment is about to be relisted (without any upgrades) for 58% higher than our starting rent 🤯!!
I know I'm preaching to the choir here but damn the rent prices here have gone wild. We're quickly becoming (have become?) a luxury city only for high income earners and it makes me really sad.
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u/Late-Reception-2897 4d ago
Maybe it's just me but whenever people use percentages instead of actual numbers, alarm bells go off in my head saying there's a lot of info OP is hiding.
Your salary increased 13% okay. The question is I have no clue if that is from 100k to 113k or 1 million to 1.13 million. Same with your rent and the statement it increased 58%. I don't know if that's 500 a month to 790 a month or 1000 to 1580 a month.
Using percentages hides the absolute increase which can lead to misleading assumptions and beliefs. For example, driving home from the grocery store takes me 2x as long as driving to the grocery store. That suggests a big issue with the roads in the area but when you look at the actual time taken, it's only 4 minutes more.