The Cost of Commuting’The traditional measure [of housing affordability] is that a family can afford to spend about 30% of its income on housing. The Brookings Institution argues that families instead should spend no more than 48% of income on housing and transportation combined Some urban neighborhoods are more affordable than they seem, because it costs less to get around, while some suburban areas seem more affordable than they are: Cheap homes, expensive com[...]
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[Source: The Money Blogs]
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