Half of renters in the U.S. are considered cost-burdened, meaning they spend 30% or more of their income on housing, a Harvard study found.
  • leanleftEnglish
    61·
    8 months ago

    this probably leads to landlords demanding 3X rent.

    • mke_geek@lemm.ee
      11·
      8 months ago

      The reason why this requirement is used is to attempt to avoid eviction down the line. Someone needs to prove they have the means to fulfill the contract they’re entering into.

        • mke_geek@lemm.ee
          11·
          8 months ago

          That’s not enough to have a reasonable assurance of the renter being able to pay rent on time and in full each month.

          Remember that things happen like funerals, flat tires, getting sick, utilities, etc that require extra money periodically.

          • leanleftEnglish
            1·
            8 months ago

            thats may be realistic… ( esp given that americans max out their credit cards to the point of debt).

            just so happens to coincide with need for labor and worker empowerment.
            “dont start a union! get a promotion and make 3X the rent instead!”