Tag: 30 percent income
The 30 Percent Rent-to-Income Ratio Doesn’t Add Up in NYC
The 30 percent standard only ‘works’ in calculations where it is irrelevant. The residual-income approach, on the other hand, can turn what all too often becomes an abstract and theoretical discussion into a series of researchable questions.
Affordability: The 30 Percent Standard’s Blinders
Using a simple cost-to-income ratio to measure affordability doesn’t give us a good picture of who is really burdened by housing cost. We need a different approach.
