I rented a house in Forest Hills, and had a good landlord who did not raise my rent that much over 20 years. He even gave me the first right to buy his house before putting it on the market last year. It was below market, but I could not afford it.
House was sold at market. The new landlord moved his family in, and I found another house to rent nearby. The rent was $1,500 including utilities; now it is $2,800 plus. I am in my 70s. Fortunately, I have children who would help.
Ask yourself, what percentage of your income is spent to cover cost of housing? Use the chart below as a guide.
