Rental Stress…no worries live in a tent!
Lately we have been hearing a lot about mortgage stress and I think It’s about time we are starting to hear about rental stress as well. By definition mortgage stress is when a family spends 30% or more of their household income on their mortgage. Same goes for rental stress and that magic percentage being 30% of your income. We pay 30% of our income on rent and at one stage it was 39%, then add in food costs, bills, school fees etc etc you are not left with anything. No wonder so many people are trying to get into government housing, last I heard it was a nine year waiting list and if you you truly have NO roof over your head it’s a two year waiting list. What are those families meant to do for two years? Well the department of housing have a great idea…. they are handing out tents! No joke… tents. Families with young children are forced to live in tents in and around the city. I think this is a little more than stress, I’d say it’s a full blown crisis. After hearing about that I’m counting my blessings and I can now honestly say I’m thankful for this tiny house I rent. I have a toilet, shower, fridge, T.V and a warm bed. I can’t imagine what those families are thinking when they are handed a tent and hear “come back in two years.”
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