Renting Question

[Vishenka69]

Does anyone know what "Income Qualifications Apply" means? Does this mean they'll want a minimum or they'll be a maximum? I'm just trying to figure out if these are low income housing or the opposite.

[Vanquisher]

Well, I can see what you are saying. I think it depends. Is this in Philadelphia?

In Philly, if it is over $2000 per month, I would say that you have to prove you have enough money to pay the rent, and not the other way around. Are you slumming?

[Vishenka69]

It's not Philly, but the rents are somewhat high for the area (although not for someone coming from NY) and the buildings are advertised as "luxury" and "top of the line". I hope that it'll be a case of us proving we can afford the rent. I guess I can just ask what they mean by that.

[Vanquisher]

It's not Philly, but the rents are somewhat high for the area (although not for someone coming from NY) and the buildings are advertised as "luxury" and "top of the line". I hope that it'll be a case of us proving we can afford the rent. I guess I can just ask what they mean by that.

Luxury and top of the line mean that you have to prove you can pay the rent. It is not low-income housing.

[spotty_dog]

We had a duplex in Portland for which we had to prove our combined income was at least thrice the rent. I'm guessing that's the kind of restrictions they're looking for.

[Vishenka69]

That's the kind of restrictions I'm looking for. I can't wait to leave the low-income housing of resident days behind.

[samssugarmomma]

I agree - I think they want you to prove you can pay the rent.

[diggitydot]

Usually it means that you must have an income in very specific parameters. Meaning, you're poor, but not too poor to pay the rent.

But the way it's worded is pretty broad. Ask them at the office what exactly that means.

Around here it means they want to make sure you can pay the rent so they take the monthly rent and multiply it by a certain number (I think maybe 40) and that's how much you have to earn to be able to be considered to rent the apartment. It's to keep those who won't be able to pay the rent due to low incomes out.

[alison]

There are some buildings in Chicago, where you have to qualify with a *low* enough income. They're nice buildings too... I would ask.