Today, in many US metro areas, it has become normal to spend almost 30% of your income on rent. This unspoken rule has emerged due to the skyrocketing prices of apartments and homes, making the eco-friendly mantra of “share more, buy less” a necessity for survival. It’s not just a matter of financial strain; the rising cost of rent is also impacting romantic relationships. A relationship expert even argues that lower-income should not restrict dating, challenging the notion that financial stability should be the ultimate benchmark for relationships. This has led to the rise of the global hot bedding phenomenon.
The rent affordability crisis is particularly severe in the New York area. According to a recent study by Moody’s Analytics, it has the highest income-to-rent ratio in the country. This means that residents in the region are facing significant challenges in managing…
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