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Newjerseyjustin_realtor's definitions

Rent Trap

(noun): a situation where so much of a household's income goes to rent that they have to struggle to save enough to buy a home
They have to get out of the rent trap- they’ll never have an opportunity to buy real estate let alone have enough for a rainy day fund
by Newjerseyjustin_realtor June 1, 2023
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