Rattlesnake Canyon

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Nick Millican: London Tenants Spending More Money in Rent

According to real estate expert Nick Millican, London is known for being one of the least affordable places to live in the United Kingdom. In 2021 and 2022, the average renter spent 35 percent of their income on renting a house. People who are not financially well off are spending even more money on rent.    In fact, many low-income households are spending over 46 percent of their monthly income on rent. Rent prices are going up. Nick...