For years, we’ve been told that what you pay for housing shouldn’t exceed 30 percent of your monthly income.
I knew that sticking to that maxim was getting harder for many people because housing costs have soared in the past few years, which I’ve written about as a reporter for The Times’s Real Estate section.
Not very, especially for many Gen Z adults who have recently moved into their first homes and are early in their careers.
My colleague Karen Hanley and I spoke with dozens of them across the country for a story that recently published about how they’re living with high housing costs.
Most said they couldn’t imagine a future in which they owned a home; some even laughed at the prospect.
Persons:
we’ve, Karen Hanley, Ives Williams, It’d, ”
Locations:
Baltimore