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Brooklyn, NY - Half of Paycheck Just on Rent

Published on: May 1, 2008 10:48 PM
By: Daily News
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Brooklyn, NY - From Bensonhurst to Williamsburg, 30% of Brooklynites are spending more than half of their income on the almighty rent check, a new study by Rep. Anthony Weiner (D-Brooklyn, Queens) shows.

More than 167,000 Brooklyn renters paid much more in 2006 than what financial experts typically recommend spending on rent: 30% of annual income.

In Brooklyn, where the number of overspending renters shot from 140,239 in 1999 to 167,835 in 2006, residents said the high cost stung more because of spikes in the prices of gas and milk.


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 May 02, 2008 at 11:10 AM Anonymous Says:

thank you weiner but now what will you do about dont think you came up with such a chiddush us renters dont need you coming up with this study we all know that instead of talking about do something!!!!!!!!!!!!!!!!!!

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