Rental markets are softening, but half of U.S. tenants spend more than they can afford, Harvard report finds (www.cnbc.com)

submitted 8 months ago by yogthos@lemmy.ml to c/usa@lemmy.ml

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[-] leanleft@lemmy.ml 5 points 8 months ago* (last edited 8 months ago)

this probably leads to landlords demanding 3X rent.

[-] mke_geek@lemm.ee 0 points 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.

[-] leanleft@lemmy.ml 1 points 8 months ago

i understand. so how about 1.5

[-] mke_geek@lemm.ee 0 points 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.

[-] leanleft@lemmy.ml 1 points 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!"

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this post was submitted on 03 Apr 2024

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