When you're spending more than 30% of income on rent...
A new report by Zillow mentioned that in many big markets (SF, NYC, LA, Boston, etc.) many renters are spending well above the 30 percent of income on rent. Worse yet, income growth has not been keeping up with home prices or rent appreciation.
This seems like the ideal situation for Airbnb, but what other avenues can renters (and even homeowners) look at to bridge that gap and hold onto more of their income?
Roommates are certainly an option, and obviously a second job or seeking a job that pays more — but those are a bit more difficult in many markets already.
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New York / General Chit-Chat
