Charleston’s affordable housing crisis is also wage crisis
I’ve written thousands of words over the past few years on Charleston’s housing affordability crisis. It’s one of the region’s toughest problems. It’s also an illusion and a distraction from a bigger concern.
Most people in Charleston don’t earn nearly enough money to buy homes here.
After all, a much broader range of the Charleston housing market would be within reach for a much broader portion of the population if more people made more money. The economics are a little more complicated than that, but the basic numbers are shocking.
