-
The House Hack that Allows us to Live for Free
Housing is by and large the most expensive expenditure in the typical American budget. The average person spends 30% of their income on housing alone (which is one of the criteria I have for screening tenants, the rent must be 30% or less of their income to qualify). I genuinely find this to be a baffling number. 30% of every dollar that comes into the average person’s account is earmarked for housing. Lets go through some numbers: If your family is making the average household income of $59k a year, and you’re spending the average of 30% of your income on housing, you’re blowing through $17,700 a year. Or, $1,475…