Unaffordable housing

Just by the name of it, we can only make assumptions on how great affordable housing must be.  However, just how “affordable” is it?   According to the government, housing can be deemed “affordable” as long as a family is spending no more than 30% of their income to live there.  The biggest issue with…

Who can afford a house?

Housing affordability varies from state to state, generally New Yorkers spend 50.6% of median income for housing mortgage. Median Family Income is determined by the middle number of collected income from all the families in the state. The government calculates affordable housing plans using medium family income (MFI). High income families generally would generally be…

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