[lbo-talk] AP: "Millions spend half of income on housing, " Dean Baker quoted

[Bill O'Connor]

Doug Henwood <dhenwood at panix.com> writes:


> On Sep 23, 2008, at 3:01 PM, B. wrote:
>
>> I know from experience many apartments will not let you rent unless
>> you can show you make at least 3 or 4 times the rent per month
>
> In NYC, they want an annual income of 40 times the monthly rent.

*Nobody* has that much money.