From the Fort Worth Star-Telegram: “Report cites gap between wages, affordable rental homes“:
The gap between working families' wages and the cost of quality and affordable rental housing is growing and causing hardships nationwide, according to a report by the National Low Income Housing Coalition.
In Tarrant County, an average family must earn $16.56 an hour — or $34,440 a year — to afford a basic two-bedroom apartment at the 2010 fair-market rate of $861 a month, says the report, titled “Out of Reach 2010.”
But the average wage for renters has fallen to $15.17 an hour, down from $15.65 in 2009, the report found.
Of course, this isn't something that would ever happen to Rick Perry, who became a millionaire while in office, drives a Mercedes Benz, and lives in a $10,000-a-month rental mansion that the taxpayers pay for. Instead, all of those residents in Tarrant County described in the article — who are struggling to pay their rent — have to also subsidize the following essential items that have not made the 10% cuts from Rick Perry's rental mansion budget: