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Measuring affordable housing is tricky. Different organizations look at different things: some at buying homes, others at renting apartments. Many U.S. studies, for example, only consider the average rent of a two-bedroom apartment, regardless of location or quality. This can make housing look more expensive than it actually is for many people.
While high paid tech workers can generally afford to live in the region, others cannot. To afford a two-bedroom apartment in Santa Clara County, an individual must earn at least $54.60 an hour, or $113,560 a year. California software developers earn an average of $60.27 an hour; in contrast, the average elementary school teacher earns $39.40. [8]
Since she relocated from Chicago and moved into an income-restricted apartment for senior citizens in late 2022, rent on her two-bedroom, one-bathroom apartment has jumped more than 20%, to over ...
The owners of the building then donated it for conversion to affordable housing. [19] The newly refurbished Lofts on Rowe apartments opened in 2022. The building now contains 67 units, split between studios, one bedroom, two bedroom, and three bedroom apartments. [5]
With home and apartment rental costs soaring, four Democratic senators are calling for more scrutiny on Wall Street financiers snatching up rental homes. Reuters 3 months ago US new home sales ...
An exhaustive guide to the best websites to shop for affordable furniture. ... In 2020 I redesigned my old 500-square-foot Brooklyn one-bedroom apartment into a stylish two-person live and work ...
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