this post was submitted on 30 Aug 2023
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It is to most if you're oberying the 1/4 rent rule. That means you're making close to $100k/year, and that's a lot for a lot of people.
Well, many US landlords do a 1/3 rent rule. And Iβm hearing about some doing 1/2 rent rule. So, I guess not. But they are looking to consume as much of your income as possible.
Yeah that ain't rich.
Tell that to people who have a combined household income of $50k-$75k. Big difference.
I'll tell them to their face. That isn't rich. I'm not arguing the money doesn't make a difference, I'm arguing that isn't rich. Terminology matters, and someone making 50k is in the same classification as someone making 150k from the perspective of the actually rich. Being rich means having wealth.