Nearly half of US renters spend more than 30% of their income on housing costs | CNN Business
www.cnn.com
Nearly half of all renter households in the US were cost-burdened in 2023, meaning they paid more than 30% of their income towards housing costs, according to new government data.
  • IsThisAnAI@lemmy.world
    31·
    2 hours ago

    You don’t need remotely close to that income level. 200k household income will get you a nice home at a reasonable price.

    • Maggoty@lemmy.world
      1·
      9 minutes ago

      Oh yeah just 2.5 times the median household income, no problem. Hey while we’re here can I have a million dollar loan?

      • IsThisAnAI@lemmy.world
        1·
        3 minutes ago

        Never said it was inexpensive. It’s just not nearly as expensive as you all make it seem. 15% of the country does hit this number and 25% are close.

        Y’all out pretending nobody is buying houses.