Do some apartments have income caps?

[JohnCU]

I'm looking for an apartment and found one that's new and looks great but the price is insane. Their website says they have 1 bedroom/ 1 bath starting @ $331/month, but a buddy of mine said it may have an income cap where I make too much to live there, WTF? Or do they charge you more depending on your income?

This isn't in the projects, either.

 

[biggestmuff]

Do some apartments have income caps?

Yes.

 

[olds]

Section 8

 

[CPA]

You make too much money! Off with your head!

 

[JohnCU]

That's god damn ridiculous. Might be a good thing to know though, the lower the income the more chance of trash living next to you hmmmm...

 

[wiredspider]

Yep, one of my friends lives in an apartment like that, but I make to much to live there, lol

 

[IronWing]

What is even more shocking is that many, many more apartments have income floors.

 

[bobsmith1492]

Yes, I was looking for a place and stopped by one I found at Rent.com. I sat down to look over details with the lady; when I said I made 40k she said "Oh, you're way overqualified." I was thinking, "Whaaat?!?" I guess it's government subsidized so they set all the limits. Stupid if you ask me; the government messes up everything they put their fingers into.

 

[SunnyD]

Yup. Which always amazed me that people would live in squalor only to have ton's o bling, a brand new hummer in the parking lot, and everything. I mean, sure... you're making a $700/mo car payment and shit, but that SHOULD be considered part of your income.

 

[Deeko]

Originally posted by: ironwing
What is even more shocking is that many, many more apartments have income floors.

Are you being sarcastic, it's too early for my meter to be functional