It many major cities, rent has become unaffordable for people earning minimum wage. In its latest Out of Reach report , the National Low Income Housing Coalition found that here in California, renters need to earn over $39 per hour to afford a modest two bedroom apartment, and $31 an hour to afford a one bedroom apartment.
Owning a working, reliable car can make all the difference in the world to your financial situation. According to David King, assistant professor at Arizona State University and one of the authors of “The Poverty of the Carless: Toward Universal Auto Access”, “We commonly talk about American cities as being automobile dependent, and a consequence of that is that people without cars are not able to access the economy as well as people with cars.
The COVID-19 pandemic created a financial crisis of monumental proportions. Many people were unable to pay their rent, purchase groceries and fill much-needed prescriptions.
What happens at the end of the rent moratorium? In a report issued by Zillow in 2018 , about 65% of Los Angeles’s residents rent their homes.