In the 2010's it was down to 3x. Are the kids being asked to pay more than half their income for rent?
Comment on Who got that landlord money?
shalafi@lemmy.world 2 months ago
Back in the 90s I’d get rejected by landlords if my take home wasn’t 4x the rent.
chocrates@piefed.world 2 months ago
Zangoose@lemmy.world 2 months ago
According to recent data from NYC (pretty expensive example but still) the rent-to-income ratio (median yearly rent / median yearly income) is ~55% citywide but up to 80% in the Bronx (which has the lowest income of the 5 boroughs)
tmyakal@infosec.pub 2 months ago
That 55% figure has been true of New York for decades. The ubiquity of public transit has historically offset the costs: since people aren’t making car payments, the portion of their income that would go to that gets spread across other spending.
I would be more interested to see figures in more car-oriented areas for a better apples-to-apples.
outhouseperilous@lemmy.dbzer0.com 2 months ago
Get rejected now for less than 3x.
FinalRemix@lemmy.world 2 months ago
No, that’s illegal. They’re pushing through legislation to scoop up the homeless and throw them in the camps, too.
outhouseperilous@lemmy.dbzer0.com 2 months ago
living on the street is illegal, dear. The trick is to slip in on the technicality!
FinalRemix@lemmy.world 2 months ago
Gotta make a retirement plan, yo. I’m gonna die of exposure in a hike when i’m too old to work.
…assuming there’s still “the woods” by then.