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22.4M US renters spent more than 30% of their income on rent and utilities [pdf]
- BandButcher 3y agothank you, a lot of data points to take in.
- morphicpro 3y agoHere this may help https://harvard.zoom.us/rec/play/ECoEKMvVVKRyT_RlUNV14p8-oK8xFiBkl4IY_INm-JVAY0Ojkv4xKQb2a5TjqDKW1dlNth-UOYAGYjdA.8tmfoHPfQBX3GSZL https://harvard.zoom.us/rec/play/ECoEKMvVVKRyT_RlUNV14p8-oK8... TLDR: About half of all renters are really F'd
- deleted 3y ago[deleted]
- morphicpro 3y agoThat's nearly half of all our 45.2 million renters, and that's the good news. Don't look at the other 25 million. Its not that much better for them.
- syndicatedjelly 3y agoWhat’s so special about that 30% value?
- morphicpro 3y agoWell its just one demographic first. There are a large portion of renters who pay more than 1/2 their income. But why is it such an important value? I'm not sure personally but I can say for the most part many people don't qualify to rent a given location in the first place unless their income to rent price is equal or more than 1/3 their income. So another way to put it, about half of all renter now don't technically qualify since to rent their current location given they will likely need to pay more than 1/3 their income.