this post was submitted on 20 Oct 2024
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1/3 of your income for rent is higher than financial experts advise. You should try to keep it under 25%
True, but afaik, basically every place in the US has a functionally, if not outright legally mandated 3 to 1 income to rent ratio.
Occasionally some smaller or more charitable landlords may waive this, or there may be different rules for some specific affordable/elderly/disabled communities, but for the overwhelming number of places, 1 to 3 is either legally required or enforced via industry standard.