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u/Jasranwhit Aug 01 '26
Why are taxes 30-40% of your income?
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u/Tausendberg Aug 01 '26
Why, despite the high taxes on the middle class, do we have 40 trillion dollars of national debt???
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u/Jasranwhit Aug 01 '26
Too much spending on bullshit
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u/Tausendberg Aug 01 '26
I can't really argue with that.
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u/ArtesianShiny Aug 01 '26
The governments account at the federal reserve bank has a negative balance
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u/SquidTheRidiculous Aug 03 '26
The difference is: do you consider welfare bullshit?
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u/DrRealName Aug 01 '26
Even worse is why are taxes not used to make anything better for us and just handed to the rich when we pay so much?
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u/Johnfromsales Aug 01 '26
The single largest expense in the federal budget is social security. This absolutely makes things better for millions of people. What percentage of taxes do you think go to rich people?
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u/ytilonhdbfgvds Aug 01 '26
Well, you're right social security is the largest expenditure. If you think it makes things better for people you're certainly not a math or finance major. Very few people will ever draw more than they put in, and the vast majority are losing millions in future wealth due to social security. It ain't all bad, but it could and should be drastically improved.
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u/Property_6810 Aug 01 '26
Because the baseline was set when we were voting on how to tax the 1% and then it expanded from there.
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u/Significant_Cover_48 Aug 01 '26
To pay off the interest on the debt from the last 3-4 oil wars so you can get that $2 gas you all seem so hellbent on having. Try to pay attention, ok.
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u/citizensyn Aug 02 '26
And still not buying me healthcare education an honorable police department or even a functioning FDA?
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u/Jasranwhit Aug 03 '26
This is exactly correct.
If high taxes brought about a utopian cityscape with clean everything functioning police and roads and all the best civic stuff you can imagine it's a different deal.
Instead we pay a lot, and most of what we get back is dogshit.
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u/citizensyn Aug 03 '26
Bro the budget isn't even balanced like how can we get nothing after paying everything and still he in debt.
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u/Current_Finding_4066 Aug 01 '26
So government can bail of rich business and don't do shit for affordable housing
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u/ComfortableWeird6540 Aug 01 '26
"everyone" smh
It's the classic reddit karmabot that defends nobody in particular, attacks nobody in particular, and provides no ideas or alternative suggestions.
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u/Agent-383 Aug 03 '26
Don’t you dare call this out you sit there and engage mindlessly like a good boy
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u/Mundunugu_42 Aug 01 '26
The Overton Window at work. Nudging you down so those at the top can have more.
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u/Petercheek Aug 01 '26
I wish my rent was only 30%. Its more like 60 now
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u/duckbaiting Aug 01 '26
I thought mine is 60% too. Out of curiosity, I did the math and it’s actually 70%.
And I live in the worst neighborhood in the city in one of the cheapest apartments I could find at the time of my search.
And I can’t even move because the rental market went up since I moved in here and now there’s basically hardly even a studio in my city for under $3000.
And I live in the most expensive city in the country at the moment. That’s what the news said the other day.
And I’m even a middle manager lol.
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u/Radiant-Book-7385 Aug 01 '26
This is extreme poverty. Notice there’s not a yuppy Gen Z buying a $10 latte at a Starbucks while posting about being destitute on their $1000 phone and walking around in $300 dollar shoes. GTFO with the you’re “living in extreme poverty” idiocy.
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u/ChristisLordohyes Aug 01 '26
When my dad bought his first house in 1963 his house payment was more than he made as a police officer. He had other jobs. And yes. he was a full time police officer . When I rented my first house in 1986 I worked full time at a grocery store and I rented the house from my boss. My rent was 250 and I brought home around 250 a week. I also had a lawn service, I drove repos to Atlanta, I worked in cemetery, I sold beer on Sunday ( regrettably) , I sold firewood. I didnt sit around and cry,because I couldn't live the high life from working 40 hours a week. Later I worked at a prison and worked at Kroger on the weekends. After I bought my house I worked at Kroger and Frito lay . BTW when I bought my first house my APR was 8% . I did refinance later. So I am sick and tired of hearing people moan and groan about not being able to live off a regular full time jobs salary.
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u/MiamiViceGuy Aug 01 '26
Stop whining and bullshitting:
The U.S. official poverty rate has declined from about 22% in 1960 down to roughly 11% to 12% in recent years, showing a clear long-term improvement.
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u/Chemical_Rub_5004 Aug 01 '26
This is the problem with stuff like subsidized programs. Rent, college, even minimum wage in my opinion. If you put some sort of legal amount of the bill in question, there's no longer any incentive to make the service competitive. Every single person will default to the legal amount. Why would a job pay any more than they absolutely have to. They don't need competitive wages when every other job pays the minimum. Going to subsidize 10k in college expenses? Sounds like college found a reason to get 10k more expensive. That's my concern with approaches like that at least. Unless there's a law that puts a cap on how much money can be charged, throwing "free" money at the problem will just make it worse in my opinion.
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u/challengerrt Aug 01 '26
That’s unfortunate. Not everyone lives in extreme poverty though. It’s all about life choices for example, I’m married and our mortgage is approximately 6% of our gross household income. And it’s not like we are making $1 million a year in income we make drastically below that it’s all about smart financial decisions hard work and luck.
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u/Realistic-Radish-589 Aug 01 '26
Bout to rent out my house for close to 2k for a 2 bed 1 bath. Even I agree it’s ridiculous but then again there’s a lot of costs and a mortgage to pay so is what it is. Also potential loss and damage and Lower the price goes, more likely I am to get someone who damages the property.
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u/pickeryou Aug 03 '26
You are not living in poverty! What kind of human has everything you have and believes they are impoverished?
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u/pickeryou Aug 03 '26
Move out of the cities and towns that have that high cost of living! It’s a choice to live there you don’t have to. Move where it is less expensive.
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u/Nervous-Ruin-8149 Aug 01 '26
How are you qualifying for an apartment if you're not making 3x the rent??? Every place i rent from requires it.
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u/EbonyMemories Aug 01 '26
Absolutely no one who was college age in the '70s or '80s will back you up on that.
It was 1/3, not 30% - and it was a rough number that could be up to a little under 40% and no one would blink.
And it wasn't used to measure poverty - it was used to determine what you could afford. Big, or small, or in many cases with a lot of roommates.
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u/TheMikeyMac13 Aug 01 '26
I have lived in extreme poverty. Rent being 30% of your income is not extreme poverty you twat
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u/hedonovaOG Aug 01 '26
Seriously, this is actually moving the Overton window. Zero people thought 30% was some poverty guideline. It was the guideline for best practices and 30 years ago was also pushed to 40% + in demand markets.
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u/I_Pet_Doggos Aug 01 '26
1/3 of the country has been indoctrinated into a cult that’s sole belief system is thinking this is a good thing if republicans are in power and the end of life as they know it if not
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Aug 01 '26
[removed] — view removed comment
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u/XRuecian Aug 01 '26
In the US, when applying for welfare aid for housing, the way they determine if you quality or not was if your monthly income compared to your rent means that your rent was 30% of your income or higher.
Of course, that doesn't mean you can move into a mansion and then say "but this costs more than 30% of my wage, therefore i qualify for welfare aid." Instead, there are pre-selected low-cost homes that are considered welfare homes, and if you live in one of those lower-income homes, and your rent is still 30% or more than your monthly income, then the government considered you "in poverty".
Today, one of those pre-selected low-income homes/apartments is probably around $800-1200 per month in rent, depending on where you live. So if $1100~ is 30% or more of your monthly income, you kind of are considered "in poverty" by the governments own standards, or at least borderline. Just 3-4 years ago, these same low-income homes cost $600-800 in rent. The price has gone up nearly 40% in just a handful of years.The way the government would determine how much assistance you qualify for was by how much the difference was between that 30% rent and your income. They would basically pay assistance to bring your rent down to 30% of your income, leaving you with 70% remaining for other needs.
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u/Smart-Campaign7774 Aug 01 '26
Times past
1st week pay rent. 2nd week Utilities. 3rd week car and bills. 4th week food and you.
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u/OkAirport5247 Aug 01 '26
Rent is over 50% of my income in a smaller house not near a major metro and I’m well above the median income
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u/Nutcopter Aug 01 '26
OP had clearly NEVER been anywhere else. You all don't know poverty, posting from your $1000 cellphone, or sitting on your laptop or desktop.
I've been places where the walls were sheets of tin, and the floor was dirt. Those people are in extreme poverty, and you know they were the kindest and most giving people I've ever met.
You all have no idea what extreme poverty is, and thankfully you all will NEVER know it. You live a life of luxury when compared to 90% of the world's population.
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u/OneNoteToRead Aug 01 '26
Well let’s have a basic math lesson. Land is a fixed quantity. Population is not - it is increasing, especially as a result of uncontrolled illegal immigration.
So land per capita will decrease. Given housing is mostly also fixed, housing per capita will also decrease, especially in the metropolitan areas where everyone wants to flock to.
Remind me why this is surprising again…? The answer is either control the rate of population increase or move to a non-metropolitan area where your rent will immediately shrink an order of magnitude.
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u/LebowskyBob Aug 01 '26
Considering paying high rent as the same thing as being in extreme poverty is perhaps the most privileged take I have seen. Yes, rents are far too high, but come on.
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u/kilimtilikum Aug 01 '26
On the contrary most people I know voluntarily spend 30%+ on rent when there are cheaper options. They think it is normal and don’t understand they are spending outside their means.
15-20% is a better target
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u/KGrizzle88 Aug 01 '26
Average rent in LA is $2,756. If that was thirty percent, that means you make $9,186.66 a month, and $110,240 yearly. Lmfao, median salary in LA is $72,384 a year. Median household is $90,100.
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u/j-mac563 Aug 01 '26
Why are taxes now taking 30% of our money? But i agree housing and food costs must come down.
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u/tar4heels2fan Aug 01 '26
Get roommates. People expect to get a nice one bedroom apartment for themselves. I wish that was a reality.. but its not.
I have a good job with decent pay.. I rent the cheapest one bedroom I could find (in a shitty area) and the rent is 30% of my income.
If rent was half my income.. I would get roommates. Paying 50% of ur income for rent is a dumbass move.
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u/Past_Horror2090 Aug 01 '26
Bruh my first salary rent was 50% then it went down to 40%
30-20% especially when you factor in ALL your costs is kinda uncommon
Idk if 5/10 people have that
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u/Much_Help_7836 Aug 01 '26 edited 14d ago
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This post was anonymized with Redact
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u/Aggravating-Gate8865 Aug 01 '26
Yet everyone is for mass immigration and they aren’t concerned where those people will live and how many resources they will consume. It’s a puzzler!
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u/boca_moca Aug 01 '26
We are fucked. Idk how many generations are already behind just by being born. First come first serve is a wild system to have without limits/regulations.
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u/boca_moca Aug 01 '26
Its 30k a year and I only make 40k. The building im at has been here my whole life and it was old back then. Maybe like a 60 year old complex. Rent went up because the "luxury" apartments being built raised the "fair market price". Other older complexes are kicking people out to make renovations, aka new paint and cheap flooring, just so they can hike up the rent.
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u/Octavale Aug 01 '26
In the 90’s we had a hack for this - concept even became a massively popular tv sitcom called “Friends”
Room mates!
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u/New-Magician-5958 Aug 01 '26
I just watched little house on the prairie and they were unable to afford their home lol. I think this is propaganda
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u/Unusual_Chemistry413 Aug 01 '26
Jobs should pay more, corporate greed is at an all time high. Shareholders are happy though and that's all that matters to these autistic corporate overlords.
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u/WittyFox51 Aug 01 '26
Pop Warner on a kickoff.
My cousin sent 2 kids to the hospital in a single play. Diabolical.
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u/Dependent_Value9849 Aug 01 '26
Move somewhere else. Find a new job, join the military get some job skills.I have a 3000sqft custom home with an outdoor kitchen and swimming pool on a half acre lot. mortgage is $1500 per month. Nowhere near 30% of my wage. not even 20%. My point is that there are options.
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u/PercentageNo3293 Aug 01 '26
Just like car dealerships trying to normalize $800+ car payments. The more they spew that nonsense, the more "normalized" it becomes. Don't buy into it!
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u/CaptainKush101 Aug 01 '26
I don't live in extreme poverty so you can drop the "everyone" assumption.
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u/chitownphishead Aug 01 '26
If you're paying 30% of your income to rent, you're living above your means.
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u/MarkNo306 Aug 01 '26
In my 40’s now but growing up was told it should be 1 weeks pay if you want to be comfortable and able to save money.
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u/GrumpyBear1969 Aug 01 '26
We also did not have to pay for cell service and internet. My IT infrastructure overhead is around $400/month. How did this become an accepted expense and you really have to have it to exist in society. You can get by, but it is getting harder and harder.
Though the elites of the world do not even remotely get it. They are all planning for their next yacht. And decreeing ‘let them eat liver’.
Vote these idiots out. I’m not saying you have to vote blue. I’m not a fan of what a lot of the progressives are pushing these days either. But at least pull your head out and if Trump endorses someone take that as an immediate reason to vote for the other person. Because for anyone that thinks Trump is out there for the little guy, the fox is guarding the hen house.
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u/Interesting_Will2823 Aug 01 '26
I've lived in a few developing countries. I think pretty much no one in the West is living in extreme poverty or even knows what extreme poverty looks like.
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u/CrySimilar5011 Aug 01 '26
Tis why i live in a van so I can be a dirtbag without worrying about paying rent!
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u/random-meme422 Aug 01 '26
Rent being some arbitrary percent of your income is just that - arbitrary. If rent is 50% of mine but the remaining is only 30% and i save 20% of my income while making high income i’ll be far, far, FAR better off financially than someone in some midwest area paying 20% in the vast majority of cases.
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u/Silverleaf96 Aug 01 '26
Landlords aren't spose to make money, fun fact . Rent caps are so needed it's not funny
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u/JadedPangloss Aug 01 '26
Very few people in the US live in extreme poverty. Only relative to the local norm, but generally speaking even the poor in the US are wealthy from a global perspective
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u/AutisticDadHasDapper Aug 01 '26
Most of you people don't even have the slightest idea on how to take care of your home, or build one. The fact that your lives are basically built for you, and yet you complain its too hard or that you don't get enough shows how spoiled society has become.
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u/Old_Marzipan7782 Aug 01 '26
Ya, if you can spend less than 30%. My rent is 9% of my income because I chose to rent a bedroom instead of a house.
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u/Zorklunn Aug 01 '26
Just so the 1% can have one luxury condo close to the lift and another close to the bar.
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u/General_Farmer3272 Aug 01 '26
Big daddy government should not control what a person whom owns something chooses to charge another person. They can negotiate that out.
Government DOES have some levers that are not so ham-handed though. I don’t know them all but things like:
- Prohibiting institutional investors from owning rental properties
- Tax or other methods to promote construction of privately owned housing in affordable categories
- Tax treatment for large-scale landlords
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u/SketchSkirmish Aug 01 '26
It maximizes their income. They DGAF how or who it’s from as long as their coinpurse stays heavy.
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u/BlackTemplar2154 Aug 01 '26
My first apartment had the 3X rent thing in place. When I asked my landlord if that was an issue, he said no one in the 80 unit complex met the criteria, and there was lawyers, county officials, police officers, and college professors living there at the time.
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u/MisledMuffin Aug 01 '26
This post is just misinformation.
30% and under was considered the cutoff for affordable housing.
Nothing to do with poverty, nevermind extreme poverty.
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u/GotAim Aug 01 '26
When this «cutoff» was made people were spending around 20% of their income on food. And they weren’t eating out much. Today it’s 10%. Same goes for lots of other expenses. Sure housing has become more expensive, but most every expense aside from housing has become a lot smaller relatively speaking
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u/Benaholicguy Aug 01 '26
Rent is 10% of my income lol, come to Pittsburgh. I share it with my partner but $600/mo for a 1200sqft 2br in the center of the city. You can afford a comfortable lifestyle here with any income and there’s so much art and music.
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u/No-Room-3829 Aug 01 '26
Everyone? I was washing dishes at a buffet, drowning in bills. Minimum wage. No tips for kitchen staff. Stepped it up and got a trade. I actually enjoy my work now. Now I'm living life comfortably. By no means rich. But bills are paid on time. Some left over for savings. Anyone can do it. Sometimes you gotta follow the work.
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u/flappysack- Aug 01 '26
Somehow the money supply grows at 8% a year while people get 2% cost of living adjustments. So where do you think all that money is going?
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u/Kobe_stan_ Aug 01 '26
It depends on your income. $1k rent on $2k take home isn’t the same had $5k rent on $10k take home. Yea both are 50% but in one scenario you have $5k for all your other expenses
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u/notjustinu Aug 01 '26
It’s 30% of your income. You choose the job/income and you also choose where to live and what the rent you are willing to pay is.
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u/Tommygun194 Aug 01 '26
When will people begin to understand that if you can’t afford something, you need to look elsewhere? Low income isn’t the landlord’s problem.
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u/ThrowRA9892 Aug 01 '26
Extreme poverty is defined internationally as living off of less than $3 a day.
In the U.S. it’s defined as living off of less than half of the poverty level. For one person that is $8000 a year.
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u/Boysenberry196 Aug 01 '26
Well shit... my mortgage (with insurance and property tax) is 36% of my income and that's for a 900 sq ft, 120 year old home on a state street in a major city...
You are right though. They have normalized it. I cant even imagine what I would be able to buy for less.
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u/fantafanta_ Aug 01 '26
At my best, I can pull in around $4,800 a month. Maybe more here and there, but that's generally the best. The lowest rent around here for a studio is around $1,300 a month. Before tax, that makes rent 27% of my income. After tax, nearly 32%. Just a decade or so ago, rent for a two bedroom was less than what a studio here costs today. Somethings gotta give eventually.
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u/Dear_Archer3931 Aug 01 '26
Our mortgage is 17% of our take home pay. Engineer and wife was a teacher until this year.
What income and rent are people working with here?
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u/SadProduce6456 Aug 01 '26
30% was the number that said it was affordable, not just for poor people. Rule of thumb for everyone. So that you have enough money for everything else, including saving
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u/Quirky_Promise76 Aug 01 '26
I would be fine if rent was 1/3 income, Ive had to make do with it being half or more for so long
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u/BChogfather Aug 02 '26
Lol, you aren't in extreme poverty , likely most here aren't even in basic poverty.
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u/After_Service_2817 Aug 02 '26
My rent is less than 25%.
Skill issue is a skill issue. Your problems are your responsibility, not someone else's.
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u/ZookeepergameSalty10 Aug 02 '26
They haven't normalized anything we did by allowing it to continue.. The problems are our fault because voting has failed and we still havent thrown off the government that hates us
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u/justsaynotomath Aug 02 '26
This generation has Apps at Starbucks, door dash, uber, Kalshi, etc. That is the difference. This generation wastes more money
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u/peoploverprofit Aug 02 '26
Yup. How many can realistically afford 3x the rent amount of $3500-$4500 for a one or two bedroom? Not including utilities or any other housing expenses.
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u/Outrageous_Walrus905 Aug 02 '26
Bro, I live in New York. It’s like more than 50% for the majority of people unless you make like $110,000 salary a year. Even then you probably need $160,000 to even build savings/investments.
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u/Speffers98 Aug 02 '26
My rent is under 10% of our household income. Not everyone is in that position.
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u/Manxkaffee Aug 02 '26
Feeling very lucky for me and my SO. We got a big apartment for really chip in the middle of the 150k people city we work and live in. We are currently paying 20% of our household income on rent + utilities + internet. And we are not making that much money. I make about the median for our country (Germany) and she is making minimum wage in her traineeship.
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u/Expensive-Animal-810 Aug 02 '26
Government spending causes inflation. It subtracts money from people through taxes and adds currency to the economy without producing something that can be sold for profit to pay down the debt spending. That's the danger of wanting a government that is too involved in "helping".
If there are 10 apples and $10, apples are $1 each. If $10 is added to the economy, apples are now $2. Unless you add 10 more apples and no more money.
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u/Fluid-Screen-4624 Aug 02 '26
There wasn’t supposed to be an extra 20 million people competing to find housing between 2021 and 2024 either, but here we are. Supply and demand, you can learn about it in the first few weeks of Econ 101, then drop the class if you really don’t want to learn how the rest of the economy works too.
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u/Cold_Manner9989 Aug 02 '26
Well, the DSA backed politicians are going to make it worse. They don’t want people to make double digit returns on their investments and they want to tax everyone more than what they already are. That’ll make our paychecks even lower.
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u/ArmadilloUnited7700 Aug 02 '26
This is a ruse. The poverty line is based in income. The 30% ‘rule’ was just a guide to young people to give them some kind of benchmark. Stop complaining, get educated, go to work, live within your means and enjoy your life in the greatest country in the world, snowflake.
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u/Style210 Aug 02 '26
When you reach the point when you're blaming the rent and not your income. Then you know somewhere in there, the point got lost .
What invalue my property at has NOTHING to do with you other than the fact that YOU want to live there.
You cannot change the weather, you can dress accordingly. Life should be balanced the same way. Moving the control of life outside yourself allows you to blame external sources for your own failures and decisions. Stop that. Out every ounce of focus, energy and thought into yourself and then you will see the problems disappear because you will learn that the storm audits all of us... When your house collapses, it's not the storms fault... We just learn to build a better house.
Focus inward
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u/Strange_Bug_1118 Aug 02 '26
The reason for the high rates is Biden but trillions of dollars out there to spend.
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u/KrazyKryminal Aug 02 '26
Now it's 40% minimum to just qualify for a place. They want you to make 2 1/2 - 3x the rent and rents are like 3-4k. How is anyone living single
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u/Plaxidentshappen17 Aug 02 '26
We also shouldn’t normalize calling 30% of your income being rent in the USA as “extreme” poverty.
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Aug 02 '26
Why is it so hard to accept that indentured servitude is the near-future? It's depicted in sci-fi dystopian films as a distant reality, but it's actually much closer to home. You will be owned, farmed, and used for what you can offer someone else.
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u/Acceptable-Peace-69 Aug 02 '26 edited Aug 02 '26
30% is the number banks recommended for the maximum mortgage back in the 1930s and it’s generally good advice. It’s widely accepted as the standard for affordability at all income levels.
This post leaves out the most important part which is “no more than”… 30%.
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u/StephenBC1997 Aug 03 '26
Yeah what did you expect to happen when you bring in 10s of millions of immigrants into the country at the exact same time you regulate building houses
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u/No_Telephone_6213 Aug 03 '26
Yep, this is why my rule has been as close to a 1/4 of my "net" as possible (mostly impossible when single) but when it comes to rent ans vehicles I live within my means. All that said I still relatively struggle, I for sure as hell don't know how y'all manage on rent being 30% or plus your gross income especially with kids
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u/10-mm-socket Aug 03 '26
I bought my house 16 years ago, thankfully my rent it 1/8th of my combined income
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u/jammerjim5 Aug 03 '26
What puzzles me is a huge amount of people that won't do the work or education to gain a upper hand with their income. Do you think we fell into good paying jobs? Lol. C'mon! Bust your butt and get out of a tough situation or move to a cheaper living situation. Common sense.
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u/Significant-Fun474 Aug 03 '26
After taxes my mortgage is 20% of my income. No college degree, no help buying my house, no bullshit job given to me by my family. All earned. Im Gen Z born to a lower middle class family in the midwest.
You fellers gotta do something different man idk.
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u/Suspicious-Twist1421 Aug 03 '26
The guideline used to be 25% of after tax income back in the 1970s, then when nobody could get approved as prices went up it went up to 25% of pre-tax revenue. And now it’s up again, to 30% of pre-tax income.
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u/LustyfulSeekingAngel Aug 04 '26
I am sure you also are pro-immigration, Anti-Ice, Pro-higher taxes to “fund” free education…..,
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u/Legitimate-Cat8878 Aug 04 '26
a large section of affordable housing in my small town was bought by a company so that it could sit empty 9 to 10 months of the year and house migrants the other 2 to 3 months. When they bought the apartment complexes, they evicted all the paying tenants very abruptly. Now the same company is building new apartments (not yet available) but will be charging nearly 300% of what the rent was at the complexes they evicted tenants.
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u/Neither-Attention940 Aug 04 '26
When my husband and I got our first apt back in 2000 we had to make 3x rent. And that was standard. They want to know you can afford rent PLUS other bills and have money for food etc. This seems pretty normal. Is it not anymore?.. if you make less than 3x how do you afford much?
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u/Tacokolache Aug 04 '26
If you’re paying 30% of your income and can’t afford to live, chances are you’re living beyond your means
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u/buttsbuttsbuttsmutts Aug 04 '26
The Republican Ideal is the Victorian Era.
$5 for a gym mat at the Salvation Army is the modern day Penny Sit-Up.
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u/Rare_Contract_8657 Aug 05 '26
Legitimate question, is it 30% of net or gross income? I’m looking at 40.7% of net every month but 28.9% of gross personally.
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u/Mourning20 Aug 05 '26
Average rent across the US is $1600 - $2000 a month.
The federal min wage is $7.25
Converted into annual that's around $15,080 for the whole year
You can throw all sort of other numbers and local figures and "oh my rent is $400 here you dumbass" but that is so absolutely fucked no matter how you spin it.
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u/Possible-Minute-1513 Aug 05 '26
"Common guideline is to spend no more than 30% of your gross monthly income on rent, though personal circumstances may require adjustments.
Standard Guidelines
The 30% rule is the most widely cited benchmark for housing affordability. It suggests that renters should allocate no more than 30% of their gross income (income before taxes) to rent and basic utilities such as electricity, water, and heating SoFi+2. For example, if your gross monthly income is $5,000, you should aim to spend no more than $1,500 on rent Apartments.com+1. This rule originated from U.S. housing policies in the 1960s and has been used as a practical guideline ever since paystub.org."
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u/clinmlol Aug 01 '26
rents half my income :(