Last Chance Equity

12/04/2025

12/02/2025

People will only forget your W's....but we'll remember your L's

11/30/2025

Say hello to a 5-day weekend, according to Microsoft co-founder Bill Gates

11/30/2025

The income it takes to be in the top 1% of earners in every U.S. state—it's over $700,000 on average. Find the link in the comments. ⬇️

11/30/2025

The salary you need to be considered middle class in every U.S. state. Find the link in the comments. ⬇️

11/30/2025

Left to right-follow the story to the end

11/30/2025

The short answer?
👉 YES — and it’s hitting the working class the hardest.

Here’s what’s happening:

🔹 1. Subsidized Housing Is Tied to Income, Not Market Trends

Programs like Section 8, LIHTC, and other rent-restricted units adjust pricing based on a resident’s income levels.

When wages are low, rent stays capped.
When wages increase slightly, it increases gradually.

Meanwhile, the market-rate side doesn’t get that protection.

🔹 2. Market Rents Have Climb Faster Than Working-Class Income

In many cities, rents have risen 20–40% in just a few years, while the average wage for non-subsidized renters has only risen 3–5% annually.

That means:

Someone on a voucher still pays the same (their portion stays income-based)

Someone without assistance pays full market rent, which continues rising beyond their paycheck

This creates an affordability gap for people who make “too much to qualify” but not enough to thrive.

🔹 3. The “Missing Middle” Is Now the Most Impacted Group

These are renters who:

Work full-time

Don’t receive subsidies

Earn too much to qualify for programs

But too little to afford rising market rents

This group carries the full burden of the rental market with no safety valves.

🔹 4. Developers Are Incentivized to Build “Affordable” Units—Not Moderate-Income Units

Most new developments with affordable units are funded by:

Tax credits

State subsidies

Federal incentives

Grants

These incentives don’t exist for the working-class middle renter, so almost no housing is being built for them.

This is why you see:

Luxury apartments

Subsidized apartments

Nothing in between

🔹 5. The Result? Affordable Housing Is Not the Issue… the Lack of Mid-Level Housing Is

Affordable housing hasn’t outpaced people financially.
Market-rate housing has — and the working class absorbs the hit.

We now have:

Subsidized renters paying stable amounts

High-income renters affording luxury

Working-class renters squeezed from both sides

This is your page for Real Estate!

11/29/2025

🚨 ROCHESTER HOMEOWNERS 🚨
If you need to sell a property FAST, I’m buying houses CASH and can close within DAYS.

🏚️ Any condition
💵 No repairs
📉 Behind on payments
🏠 Vacant / inherited / problem tenants

Call or text 585-201-8503 for your cash offer today.

07/30/2025

Just listed asking $249,900! 3 beds 2 baths finished basement, new roof, weatherproofed basement lifetime warranty on all new updates!

This 1650 square feet Single Family home has 3 bedrooms and 2 bathrooms. It is located at 76 Maplehurst Rd, Rochester, NY.

02/25/2025

Join us at our next meeting on February 25, 2025.
If you cannot make it in person, and would like to be a part of the meeting by Zoom, please register by contacting [email protected] or call 585-420-8868.