nygrrrl wrote:holden147 wrote:dingbat wrote:Also, many landlords often require you to earn 40 times the rent, or to have a (local) guarantor who earns 80 times the rent. If you cannot meet this requirement, you can still find a place, but it will be harder. Good Luck.
Hmm, I don't have anyone like that (low-income family) so thanks for letting me know because I'd never heard of this. I guess we'll just have to see how things work out. NYC is a lot of work lol.
Don't freak. I've lived here for 21 years and have never heard of a landlord asking 80 times rent. A year? yeah. 2 years? Heard that, too. But over 6 years' worth? Um. No. Come, visit, get a feel for the place - it's a great town and there are lots of options for living.
No, no, landlords often ask that your annual income is 40 times the rent (I've also been asked 50 times), but for a guarantor (when you don't earn enough) it's usually double (i.e. your guarantor needs to earn 80 times the monthly rent).
However, not all landlords ask, and when you sublet it rarely comes up.
It's just that you need to be aware that if you don't have the income, you have less options (I've been turned away once even when I offered to pay more than asking rate).
You'll still find a place to live, but it just requires a bit more work.
Note: even if you have no money, new york is a wonderful place to live and even without an income you should be able to find a place. Personally, I think everyone should live in NY at some point in their lives, at least for a few years. Even if you're broke all the time, the experience is worth it.