Tuesday, February 28, 2012

Study: Only 28 Percent of Neighborhoods Affordable | Transportation Nation

Study: Only 28 Percent of Neighborhoods Affordable | Transportation Nation: "In the typical definition of housing affordability, your rent or mortgage would be a third, or less, of your income. And by that standard, some 76 percent of neighborhoods are affordable. But when you add in transportation costs, the results are jarring: fewer than a third of American neighborhoods — just 28 percent — are affordable."

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