Grim reality:
There are far more renters than rent-seeking parasites; why do you sheep wait to be slaughtered?A recent analysis by the personal finance site SmartAsset shows that three in every 10 renters in Los Angeles pay more than half of their income for housing. Sarah, who works full time, would have to become one of them to afford a simple market-rate studio apartment.Personal finance experts generally consider people who spend more than 30% of their income on housing to be prone to accumulate debt. People who spend more than half of their income on rent tend to be extremely vulnerable to a single bad event — the loss of a job, a breakup, car trouble, a broken arm or falling out with a housemate — that can force them out of where they live. In extreme cases, they can slide straight onto the streets.
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