“your rent should be a third of your income” well wouldn’t that be nice. wouldn’t it. lower the rent pussy
Casual observation from someone old enough to remember: in the year 2000 financial advice was that rent should be no more than ¼ of your income.
Until the mid 80s, the advice was that if you must rent instead of owning, then that 20% of your monthly income (oh yes, only 20%) should include all your utilities too.
After all, rent costs more than a mortgage, so it should offer more too.
The housing market is a fucking travesty.
Hmm what happened in the mid eighties….
My husband had a 1 bedroom apartment in 1997 where electric and water was provided.
He made $300 a week ($7.50 an hour) before taxes. He worked at a tire shop changing tires, and did the 1 weekend a month thing in the National Guard.
He didn’t have a roommate.
I think his rent was $400 a month?
Our son can’t even find a job with a technical certificate and 2 years of training.
