3 ms·
I think this is pretty trivially a poor analysis as it focuses on the median. Most of the real estate in SF is being bought by people who are seriously above th
by venantius 11y ago
I think this is pretty trivially a poor analysis as it focuses on the median. Most of the real estate in SF is being bought by people who are seriously above the median and for whom this may be a much easier financial burden for them to bear. SF has a seriously non-uniform distribution of incomes and (more importantly) wealth.
- jsn117 11y agoaside from the concentration of extreme wealth, i'd say it's on par with the rest of the country
- cowsandmilk 11y agoyep. This is a common argument against using % of income for housing burden as a measure. If you make $200K, paying 40% of your salary for housing is much less of a burden than if you make $20k. (e.g. you are left with a much larger amount of money to pay for necessities like food, and probably still have quite a large disposable income)