☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 3 months agoRental markets are softening, but half of U.S. tenants spend more than they can afford, Harvard report findswww.cnbc.comexternal-linkmessage-square6fedilinkarrow-up129arrow-down11
arrow-up128arrow-down1external-linkRental markets are softening, but half of U.S. tenants spend more than they can afford, Harvard report findswww.cnbc.com☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 3 months agomessage-square6fedilink
minus-squaremke_geek@lemm.eelinkfedilinkarrow-up1arrow-down1·3 months agoThe 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.
minus-squaremke_geek@lemm.eelinkfedilinkarrow-up1arrow-down1·3 months agoThat’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.
minus-squareleanleft@lemmy.mllinkfedilinkEnglisharrow-up1·3 months agothats 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!”
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.
i understand. so how about 1.5
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.
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!”