New Study from Harvard says Poor aren't the Only Ones who Cannot Pay Rent

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New Study from Harvard says Poor aren't the Only Ones who Cannot Pay Rent
Philligan in rainbows User ID: 66874837 United States 12/13/2015 01:09 PM Report Abusive Post Report Copyright Violation	New Study from Harvard says Poor aren't the Only Ones who Cannot Pay Rent It's not just low-income Americans who struggle to pay their rent every month, or find an affordable place to live when they move. New research from Harvard says that even renters with annual incomes of $45,000 face unaffordable rents in many cities, with potentially far-reaching effects. "It's moving up the income ladder," said Chris Herbert, Managing Director of the Joint Center For Housing Studies at Harvard. The group found that roughly half of families who earn between $30,000 and just under $45,000 a year and rent spend more than 30 percent of what they make on rent. [link to www.nbcnews.com] Pray for Us Sinners Now and at the Hour of our Death

Philligan (OP) in rainbows User ID: 66874837 United States 12/13/2015 01:10 PM Report Abusive Post Report Copyright Violation	Re: New Study from Harvard says Poor aren't the Only Ones who Cannot Pay Rent It actually means that $45,000 is becoming poor. Pray for Us Sinners Now and at the Hour of our Death
Philligan (OP) in rainbows User ID: 66874837 United States 12/13/2015 01:15 PM Report Abusive Post Report Copyright Violation	Re: New Study from Harvard says Poor aren't the Only Ones who Cannot Pay Rent For most U.S. workers, real wages — that is, after inflation is taken into account — have been flat or even falling for decades, regardless of whether the economy has been adding or subtracting jobs. [link to www.pewresearch.org] Last Edited by Philligan on 12/13/2015 01:15 PM Pray for Us Sinners Now and at the Hour of our Death
Anonymous Coward User ID: 34831315 United States 12/13/2015 01:46 PM Report Abusive Post Report Copyright Violation	Re: New Study from Harvard says Poor aren't the Only Ones who Cannot Pay Rent It's not just low-income Americans who struggle to pay their rent every month, or find an affordable place to live when they move. New research from Harvard says that even renters with annual incomes of $45,000 face unaffordable rents in many cities, with potentially far-reaching effects. "It's moving up the income ladder," said Chris Herbert, Managing Director of the Joint Center For Housing Studies at Harvard. The group found that roughly half of families who earn between $30,000 and just under $45,000 a year and rent spend more than 30 percent of what they make on rent. [link to www.nbcnews.com] Quoting: Philligan I owned an apartment building and kept the rents low (just enough to cover costs) and 80% of my tenants still did't pay their rent. Most were in the 35K - 65K income brackets. Many were months behind. I sold it a few months ago and they all had to move out and got a rude awakening. They knew how good they had it but ignored it and pushed me to my limit. Was a learning experience.
Anonymous Coward User ID: 34831315 United States 12/13/2015 01:49 PM Report Abusive Post Report Copyright Violation	Re: New Study from Harvard says Poor aren't the Only Ones who Cannot Pay Rent It's not just low-income Americans who struggle to pay their rent every month, or find an affordable place to live when they move. New research from Harvard says that even renters with annual incomes of $45,000 face unaffordable rents in many cities, with potentially far-reaching effects. "It's moving up the income ladder," said Chris Herbert, Managing Director of the Joint Center For Housing Studies at Harvard. The group found that roughly half of families who earn between $30,000 and just under $45,000 a year and rent spend more than 30 percent of what they make on rent. [link to www.nbcnews.com] Quoting: Philligan I owned an apartment building and kept the rents low (just enough to cover costs) and 80% of my tenants still did't pay their rent. Most were in the 35K - 65K income brackets. Many were months behind. I sold it a few months ago and they all had to move out and got a rude awakening. They knew how good they had it but ignored it and pushed me to my limit. Was a learning experience. Quoting: Anonymous Coward 34831315 They all had nice big TV's and Wii games and the latest phones though.
beeches User ID: 69710263 United States 12/13/2015 01:52 PM Report Abusive Post Report Copyright Violation	Re: New Study from Harvard says Poor aren't the Only Ones who Cannot Pay Rent It actually means that $45,000 is becoming poor. Quoting: Philligan or prefers paying for other things. Give up the electronic nipples, and your life is one heck of a lot cheaper. Liberalism is totalitarianism with a human face – Thomas Sowell
beeches User ID: 69710263 United States 12/13/2015 02:01 PM Report Abusive Post Report Copyright Violation	Re: New Study from Harvard says Poor aren't the Only Ones who Cannot Pay Rent OP, I did not mean to dismiss the importance of the idea that not only the poor cannot pay rent easily. naturally, food and shelter, transportation top most of our lists. nothing is as it seems anymore. We are being told in the msm that mortgages are not worth it anymore, so the rental market experienced (or is experiencing still) a glut of renters. plus people with job insecurity - would rather rent then, myself. we saw an acquaintance in the rental market just sell off all his properties. His take is that it is not the time anymore to be a profitable landlord, and he was in that field for decades. Liberalism is totalitarianism with a human face – Thomas Sowell
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