“… ith rents rising at annual rates of between 3 percent and 6 percent — roughly double the 2 percent pace of average wage growth.

Still, the outlook isn’t necessarily dire for the average family. Rent consumes less than half of a typical household’s income, and San Diego’s overall inflation rate was low at 1.3 percent in the second half of last year. So rents would have to keep rising faster than wages for years to cut into disposable income.”

If the rent is increasing at the rate twice as fast as the average wage growth and rent is a significant part of household’s budget, how in the world this has not already cut into disposable income of average household?How in the world the situation is not dire?