Tag: 30 percent standard
In Defense of the 30 Percent of Income to Housing Affordability...
At an individual level, the 30 percent standard and the residual-income standard can produce very different results. But as a regional measure of affordability problems, they’re not so far apart.
How Should We Measure Housing Affordability?
The simplicity of the 30 percent standard is also its downfall. We don’t expect people of differing incomes or family sizes to pay the same percentage of their income in taxes—why would the same percentage work for housing costs?
