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So 'rent affordability' here means percentage of income spent on rent? Higher affordability means higher rent/income, which means rent is less affordable. This
by jetrink 7y ago
So 'rent affordability' here means percentage of income spent on rent? Higher affordability means higher rent/income, which means rent is less affordable. This is very confusing terminology.
- friedman23 7y agoIt is not confusing at all you've just put it backwards. High affordability means a low rent/income ratio.
- troydavis 7y agoIt's simpler than it sounds. "Rent affordability" is rent as a % of income. Going above 22% is associated with an increase in homelessness. Going above 32% is associated with a change in the rate of increase in homelessness (ie, not only does it rise, it goes up faster than it does from 22%-31%). Here's a graph: https://wp.zillowstatic.com/3/inflection-72aee4-1024x1024.png https://wp.zillowstatic.com/3/inflection-72aee4-1024x1024.pn...