Where I live, that would be pretty much 100% of landlords.
The last time rent on an average 2bdrm apartment was only three times the income of the average-income married couple was back in the 90s. Now it’s more like 50% of their monthly pre-tax income. Or something like 65-70% their post-tax income. For single people who don’t want roommates it’s even worse.
The Canadian housing situation makes the American one look like the bottoming-out of a housing crash.
Canadian here moving back into his parents house next week after being away for 9 years because he can no longer afford to rent a property of any kind in this city. Or rather I should say I can, but combined with student loans, utilities becoming insanely priced, and an only okay paying job (still nearly $10 over min wage), it means I have nothing left over at the end of the month. I haven’t had savings in over a year and just don’t really do anything aside from work since I straight up can’t afford to. On one hand I’m lucky I found a good job near to my parents that uses the skills I currently use at my job and it even pays a bit more, but it feels like I’ve failed at being an adult the same time. At least I’ll be able to save some money and maybe actually enjoy life for once in a while.
Where I live, that would be pretty much 100% of landlords.
The last time rent on an average 2bdrm apartment was only three times the income of the average-income married couple was back in the 90s. Now it’s more like 50% of their monthly pre-tax income. Or something like 65-70% their post-tax income. For single people who don’t want roommates it’s even worse.
The Canadian housing situation makes the American one look like the bottoming-out of a housing crash.
Canadian here moving back into his parents house next week after being away for 9 years because he can no longer afford to rent a property of any kind in this city. Or rather I should say I can, but combined with student loans, utilities becoming insanely priced, and an only okay paying job (still nearly $10 over min wage), it means I have nothing left over at the end of the month. I haven’t had savings in over a year and just don’t really do anything aside from work since I straight up can’t afford to. On one hand I’m lucky I found a good job near to my parents that uses the skills I currently use at my job and it even pays a bit more, but it feels like I’ve failed at being an adult the same time. At least I’ll be able to save some money and maybe actually enjoy life for once in a while.
Just because you can pay for something doesn’t mean you can afford it.