[lbo-talk] AP: "Millions spend half of income on housing, " Dean Baker quoted

Bill O'Connor billyoc at gmail.com
Tue Sep 23 13:31:31 PDT 2008


John Thornton <jthorn65 at sbcglobal.net> writes:


>> *Nobody* has that much money.
>
> Nobody?
> If your monthly rent is $1700 they want to see an annual income of
> $68,000 or more.
> I know that makes it hard for lots of working people but it's hardly a
> standard that "nobody" can meet.
> Maybe you misread it as monthly income, rather than annual income, of
> 40 times rent?
> That would be a hell of a standard to meet.

I did misread Doug, or rather, I thought he was teasing. <g>



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