Well, in the US the median pre-tax household income is $80k and the median renter spends <35% of their income on rent.
Imagine singlehandedly earning 150% of what the average family earns, in one of the richest countries in the world and living in a one-bedroom apartment - and such a low standard of living isn't even cheap.
The landlords must be laughing all the way to the bank!
Imagine singlehandedly earning 150% of what the average family earns, in one of the richest countries in the world and living in a one-bedroom apartment - and such a low standard of living isn't even cheap.
The landlords must be laughing all the way to the bank!