- It seems that 1 in 3 New Yorkers is paying more than 50% of their take home pay in rent. If you’ve ever looked at the Real Estate section in a New York paper or been faced with the unfortunate task all NY’ers dread–looking for a no-fee apartment that isn’t rat infested, this is not a surprise. I bet if we did a national study most people are paying more than the 30% standard applied in measuring housing affordability.
Sorry, NYC, we know how you like to be the exception to the rule. This time you simply prove the fallacy of the rule
- If you think the US Housing market is the worst in the world, try the UK on for size.
- Tomorrow, the House votes on the bill meant to help stimulate housing and stem foreclosures. Of course, after it passed the Senate, it pretty much wasted paper. Don’t worry, I will be posting on what I think about it verrrrrry soon.
- Hmmm, who knew that the foreclosure crisis would adversely effect renters? I wonder what types of renters those would be?
Well, I gotta go pay the man for the roof over my head and by some more Ramen. Anybody got any positive housing news? Please share.
