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SmartAsset: How Much Money Do You Need to Make to Pay Rent in Large American Cities?

Pro Builder

Housing costs in larger cities like New York and Los Angeles are getting hit even harder, making the cost of living less than comfortable. According to the Department of Housing and Urban Development (HUD), renters who spend more than 30% of their pre-tax income are cost-burdened by their housing. Read more.

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How Rent Control May Actually Be Hurting Cost-Burdened Tenants

Pro Builder

Additionally, existing rent regulations in costly metros like New York City often don’t include income tests, meaning that those who actually need rent protection are frequently left without that support, while those who can afford hefty rent hikes are able to easily secure rent stabilized units.

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How Rent Control May Actually Be Hurting Cost-Burdened Tenants

Pro Builder

Additionally, existing rent regulations in costly metros such as New York City often don’t include income tests, so those who actually need rent protection are frequently left without that support, while those who can afford hefty rent hikes are able to easily secure rent-stabilized units.

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As Housing Costs Outpace Income Growth, the Typical U.S. Renter Is Now Rent-Burdened

Pro Builder

As Housing Costs Outpace Income Growth, the Typical U.S. income is required to pay the average rent, a threshold that now puts renter households in a precarious position as rising inflation also limits affordability for everyday goods. at 36.7%, a new report from Moody’s Analytics reveals. Roughly 30% of the median U.S.

Income 52
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Income Needed to Afford a Home in Every U.S. City

Pro Builder

Income Needed to Afford a Home in Every U.S. metros and the minimum income needed to afford a home. The top cities that remain out of reach for the majority of buyers are Los Angeles, San Francisco, Honolulu, New York City, and Oakland, Calif. cbroderick. Fri, 03/26/2021 - 09:45. Here’s a look at Zippia’s full list.).

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Plumbing industry provides reliable career

Contractor Magazine

WACO, TEXAS – The plumbing industry, according to New York City Mayor Michael Bloomberg, could hold a more prosperous future for some graduates, opposed to a traditional collegiate degree. This income outpaced comparable occupational worker’s annual earnings by close to $15,000. read more.

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Why Some Americans Are Waiting Until After Retirement to Buy Their First Homes

Pro Builder

That's due, in large part, to a widening affordability crisis hurting aging, low-income renters First-time homebuyers in America are older than ever before, especially as competing buyers with all-cash offers make it difficult for older, low-income renters to save up enough money to buy a home.

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