Why Rent Poor

It’s Not Just Poor Who Can’t Make Rent

Now a day, dying is easier than living. Expense of living is becoming so expensive and pricey that people do not get a chance to save money to fulfill their other needs like clothes, dining and others. We often think that people who are poor and less likely to support their families or themselves is the only class of people who cannot make rent or find a handy place to live. Unfortunately, the above statement is wrong!

Mr. Chris Herbert who is Managing Director of Joint Center for Housing Studies at Harvard says that as according to their research, an average person whose annual income is between $30,000 to $45,000 in America are strained to pay almost 30 percent of what they make on rent. On the other

People are not just supposed to earn and eat but to save money for any uncertainty or for retirement but mounting demands of landlords are making not only saving impossible but also spending for basic needs impossible. Now people have to cut down their spending and make is below 30 percent of their income in order to fit into escalating demands of landlords.

When checked about the rentals it was confirmed by the research of Harvard that $850 which is considered as affordable rental rates were offered by 10 percent of the landlords whereas, almost more than a third were offering $1650 or larger amount. While, last year $934 was the average rental rate offered by landlords. Now a person is nowhere to go and have to spend for expensive rents as reasonable rentals were occupied by the lucky ones and a house is mandatory for a living and security of a human.

It is still a bit easier for middle-income individuals and can somehow fix into growing demands of rentals but is impossible for low-income Americans to find a handy place because the rent is higher than their income (for some individuals). And thus! People turn into homelessness. That is why America is again facing higher homeless