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

Doug Henwood dhenwood at panix.com
Tue Sep 23 13:48:22 PDT 2008


On Sep 23, 2008, at 3:30 PM, Matt wrote:


> On Tue, Sep 23, 2008 at 03:25:36PM -0400, Doug Henwood wrote:
>>
>> On Sep 23, 2008, at 3:01 PM, B. wrote:
>>
>>> I know from experience many apartments will not let you rent unless
>>> you can show you make at least 3 or 4 times the rent per month
>>
>> In NYC, they want an annual income of 40 times the monthly rent.
>
> Aren't these about the same?

Yup. I'm just saying what the metric they use here is.



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