3 ms·
Missing from a lot of these conversations is a shared definition of what “affordable” means. I’m inclined to think that it is more difficult to afford housing t
by tyleo 3y ago
Missing from a lot of these conversations is a shared definition of what “affordable” means. I’m inclined to think that it is more difficult to afford housing than it was for my parents but couldn’t honestly say it is “unaffordable” because I don’t know what that means and it means different things to different people.
- voisin 3y agoUsually it is in relation to local median income.
- neogodless 3y agoThe article does offer a definition, though. The renters are "severely cost burdened," with insufficient room in their budget to cover rent and the rest of their bills, despite highly undesirable living conditions.
- thunderbird120 3y agoAccording to the report[1] they are referencing it means people spending >30% of their income on rent and utilities. This is up from around 40% in 2001 and is identical to 2010 but putting it that way wouldn't get any clicks. [1]https://www.jchs.harvard.edu/sites/default/files/reports/files/Harvard_JCHS_Americas_Rental_Housing_2024.pdf https://www.jchs.harvard.edu/sites/default/files/reports/fil...
- bell-cot 3y agoIn context, it almost certainly means "the specific renter's monthly rent payment is no more than 30% of their monthly income". (NPR buried that definition in their "...in 2022, as rents spiked during the COVID-19 pandemic, a record half of U.S. renters paid more than 30% of their income for rent and utilities.")