theacoustician said:Um, no. Last two places I rented at were deposits of $400 and $300+$150 for pet, respectively. Rent between $1200-$1500.
If people could afford 3 months rent for a deposit (in this case approximately $4500), they could afford the closing costs on a house.
My deposit was 1350, My rent was 675. And I know tons of people who even though they can't afford a house aren't willing to buy one yet.