this post was submitted on 31 Aug 2023
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Unethical Life Pro Tips
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An Unethical Life Pro Tip (or ULPT) is a tip that improves your life in a meaningful way, perhaps at the expense of others and/or with questionable legality. Share your best tips you've picked up throughout your life, and learn from others!
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- Tips must be unethical, tips that are ethical will be removed.
- Tips must provide some benefit to you.
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- No tips about rape, murder, suicide, or any tips that violate Geneva Convention laws.
- No tip lists, each individual post should be about a single tip. This includes links to articles that list tips.
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Income requirements are often 3-4x the actual rent, so if someone has a good financial grip (no debt, no car) as many in NYC do, they may be able to afford it but not technically qualify. This is a sure fire way to become house poor but if you’re smart about it you can make it happen
They’re 40x the monthly rent.
If you want to rent a $2,500 apartment, you need $100k in income (gross, not net).
Yes, if you can skimp elsewhere, you can make it work with a smaller ratio. But it isn’t an insane rule of thumb for what you can afford.
They’re saying 3-4x on a monthly basis.