• shalafi@lemmy.world
    link
    fedilink
    English
    arrow-up
    21
    ·
    8 days ago

    Back in the 90s I’d get rejected by landlords if my take home wasn’t 4x the rent.

    • chocrates@piefed.world
      link
      fedilink
      English
      arrow-up
      7
      ·
      8 days ago

      In the 2010’s it was down to 3x. Are the kids being asked to pay more than half their income for rent?

      • Zangoose@lemmy.world
        link
        fedilink
        arrow-up
        5
        ·
        edit-2
        8 days 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)

        https://www.realtor.com/research/nyc-q2-2025-rent/

        Edit for clarity: the median income number is also per “household” (I’m assuming per apartment in this case), so it accounts for multiple working people living together

      • Final Remix@lemmy.world
        link
        fedilink
        arrow-up
        5
        ·
        8 days ago

        No, that’s illegal. They’re pushing through legislation to scoop up the homeless and throw them in the camps, too.

          • Final Remix@lemmy.world
            link
            fedilink
            arrow-up
            1
            ·
            8 days 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.

            • Cort@lemmy.world
              link
              fedilink
              arrow-up
              1
              ·
              7 days ago

              assuming there’s still “the woods” by then.

              Of course there will be silly, it’ll just be wholly owned by the richest individuals and companies. You won’t be able to afford to die alone in the woods, let alone hike there.