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I looked at the actual pdf report that this page indirectly linked. [0] The quoted 175% figure appears to be a case where statistics are selectively reported.
by IncRnd 6y ago
I looked at the actual pdf report that this page indirectly linked. [0] The quoted 175% figure appears to be a case where statistics are selectively reported.
The report, in the paragraph preceding the 175% quote contains this, "Annual median rents were on average $324 higher for every $1,000 increase in household median incomes across the 50 cities in 2020."
[0] https://www.mba.org/Documents/Research/RIHA/22300_Research_RIHA_March_2021_Report.pdf https://www.mba.org/Documents/Research/RIHA/22300_Research_R...
- Wohlf 6y ago>Annual median rents were on average $324 higher for every $1,000 increase in household median incomes This is in line with the general rule of 30% of income should go to housing, and this is after they limited the selection to just the top 50 cities.