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I wonder if that assumption is fair. Also, do you know where it says that in the article?


This mentions the 30%, they should have mentioned it in the article, it's the standard amount they use every year I think: http://nlihc.org/oor/2014

Also, many places won't let you rent without meeting the 30% of income amount.


Click "wrote about a report", then in that article click "new report", and you'll find this:

"The signature finding of Out of Reach is the annual Housing Wage - the hourly wage a full-time worker must earn to afford a decent two-bedroom rental home at HUD-estimated Fair Market Rent (FMR) while spending no more than 30% of income on housing costs."

It is not at all obvious. I really wish that news articles like this would set aside a section where they explicitly name and link to their sources rather than burying them as hyperlinks in the text.


In some dense cities, the bulk of the transportation costs are rolled into your housing costs, because you are buying walking distance to a subway.


Yes, it really seems like a variable approach would work better. There's a big difference between spending 30% of your income on housing while living in a rural area and doing so in the middle of Manhattan. I imagine that percentage could go considerably higher in big cities.


It doesn't say that in the article...

It is an important point that would provide context to a lot of numbers.




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