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Category: Appeal to Authority

Rent: Every year the media falls for this

Rent: Every year the media falls for this

Every year, an activist/lobbying group issues a report saying people earning minimum wage cannot afford to rent an apartment anywhere in the country. They play a sleight-of-hand trick by obfuscating (and not revealing) that they are saying such individuals cannot rent an apartment priced at the 40th percentile. Stated another way, this report finds – every year – that people earning minimum wage can not rent apartments priced in the top 60 percent of the market – yet obviously, lower earners likely rent at the bottom of the market, not the top. Every year, the media morons run the same story, never understanding what this report says.