The standard of 'affordable' housing is that which costs roughly 30 percent or less of a family's income. Because of rising housing costs and stagnant wages, slightly more than half of all poor renting families in the country spend more than 50 percent of their income on housing costs, and at least one in four spends more than 70 percent.
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"The standard of 'affordable' housing is that which costs roughly 30 percent or less of a family's income. Because of rising housing costs and stagnant wages, slightly more than half of all poor renting families in the country spend more than 50 percent of their income on housing costs, and at least one in four spends more than 70 percent." — Matthew Desmond #familyparenting
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The standard of 'affordable' housing is that which costs roughly 30 percent or less of a family's income. Because of rising housing costs and stagnant wages, slightly more than half of all poor renting families in the country spend more than 50 percent of their income on housing costs, and at least one in four spends more than 70 percent. — Matthew Desmond
About Matthew Desmond
Matthew Desmond was a Sociologist from United States (1979–present).
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Who said "The standard of 'affordable' housing is that which costs roughly 30 percent or…"?
This quote is attributed to Matthew Desmond, a Sociologist from United States.
When did Matthew Desmond live?
Matthew Desmond lived from 1979 – present.
What is this quote about?
This quote touches on Family & Parenting. Browse more quotes on these themes from the categories page.