How we define affordable housing “makes absolutely no sense”
Share Now on:
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?
Click the audio player above to hear the full story.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.