this post was submitted on 20 Mar 2025
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Tech millionaire builds 99-unit tiny house neighborhood for homeless Canadians - rent is kept at 30% of income, the large majority of residents pay a maximum of $200 — including all utilities (www.goodgoodgood.co)
submitted 3 days ago by [email protected] to c/[email protected]
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[–] [email protected] 6 points 1 day ago (19 children)

Damn, $200 sounds low, on the other hand 30% is a crazy share. I'm targeting 10-15% at most.

[–] [email protected] 5 points 1 day ago (8 children)

Wait what? Your rent is 10-15% of your income? What's that like in absolute numbers?

[–] [email protected] 1 points 1 day ago (7 children)

Closer to 9% right now, 700 USD vs. 8k income after tax. But I generally don't spend more than 1k regardless, it's a hard limit for me.

[–] Bloomcole 1 points 1 day ago

That would get you a student studio at best where I live.

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