By Adrian Bates
The Chaos in Los Angeles No homes for sale and Rents are skyrocketing
D
id you know that over half of California’s renters spend more than 50% of their monthly incomes on rents alone!
Does this sound familiar to you? Well if it does, you are not alone, in fact, this is the reason why I am writing this guide to set you free and on a path to financial freedom. The best part is … I will show you how to qualify for a home loan with 0 percent down. It seems impossible, right? Let’s get started. Financial experts recommend keeping the total amount of your income for housing at 30 percent. That means, the portion of your monthly going to rent or mortgage payments should be no more than 30 percent. WWW.THEPOWERISNOW.COM
Earlier, I mentioned a term that I know most of you are familiar with, ‘cost-burdened.’ , What does it mean?, How can you tell that you are costburdened? , How does it affect your future? Well, if you are spending more than 30 percent of your income on rent or housing, you are costburdened. According to a report by Apartment List, the national average rate for renters experiencing this problem was 49.5% as of 2017. Right now, the house prices are surging like never before. Rent too is joining in the frenzy breaking and setting new highs. the share of people spending more than 30 percent of their incomes on rent has risen dramatically. In fact, nationally about 38 cities are experiencing a rise in the number of people who are costburdened. That means about 12 percent of l
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