GuestExisting4639 t1_ivdvfam wrote on November 7, 2022 at 6:14 AM

Reply to comment by Aimless78 in Springfield renters and landlords, what are your thoughts/opinions on how so many landlords/rental companies want potential tenants to have income that is equivalent to 3x monthly rent? by Snoo_84090

Not in many government agency cases. 30% is for rent or mortgage and utilities are separate. I work in these agencies I know.

Aimless78 t1_ivnun1h wrote on November 9, 2022 at 9:02 AM

Yes but the problem is that is government helping people ans they want to keep those people needing them so they over extend them. The worst thing you can hear a person say is , 'I'm with the government and I'm here to help!'

GuestExisting4639 t1_ivo22vt wrote on November 9, 2022 at 10:50 AM

To be perfectly honest that ratio has always been taught whether you’re on government assistance or not. My parents always taught me that my rent or my mortgage should never be more than 30% of my income. I’ve never been on government assistance I work hard and I don’t think that encourages me to overspend in fact I think it encourages me to be a good steward of my money.