7 ms·
Why is this 30% of gross income? I thought the target was 33% of net.
by iandanforth 9y ago
Why is this 30% of gross income? I thought the target was 33% of net.
- aphextron 9y ago>Why is this 30% of gross income? I thought the target was 33% of net. 33% of net is a fantasy in California. That will just barely get you a run down studio in a bad part of town on an engineer's salary.
- mikeokner 9y agoThat doesn't make the target wrong, it just makes CA's market absurd.
- davidjnelson 9y ago33% of net is attainable on a new townhouse in nice neighborhoods in San Jose if you make a market rate salary.
- mikeokner 9y agoYeah I thought so too, but it sounds like the 30% of gross is a federal guideline - https://www.hud.gov/program_offices/comm_planning/affordablehousing/ https://www.hud.gov/program_offices/comm_planning/affordable... - http://nlihc.org/library/wagecalc http://nlihc.org/library/wagecalc