How we define affordable housing “makes absolutely no sense”
How we define affordable housing “makes absolutely no sense”
You can’t talk about housing these days without talking about affordability and how elusive it has become for so many people — particularly those at the lower end of the income spectrum. It’s no surprise then that affordability is rapidly becoming a topic on the presidential campaign trail. But what defines affordable? There is a definition, or at least a guideline: A long-held rule of thumb is that housing costs shouldn’t exceed 30% of your income. So who came up with that?
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