Tag Archives: overheated real estate markets

What Percentage of Your Income Should Go Towards Paying Apartment Rent?

Income to Rent ratio

In the New York City apartment rental market, what is the appropriate rent/income ratio that is required to be paid by individuals seeking shelter?  Sadly if you’re a renter and gladly if you’re the building owner, market conditions mandate that many in NYC are paying 50% or more of their income for an apartment… And not for […]