Search results
Results from the WOW.Com Content Network
Single-room occupancy (SRO) is a type of low-cost housing typically aimed at residents with low or minimal incomes, or single adults who like a minimalist lifestyle, who rent small, furnished single rooms with a bed, chair, and sometimes a small desk. [1]
In this case, limiting rent that matches a 30-times salary or less can help when earnings decrease. If additional costs in your area are high, like taxes, insurance or utilities, renting below a ...
The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
This model is the urban equivalent of von Thünen's rural land use model in that both are based upon locational rent. The main assumption is that in a free market the highest bidder will obtain the use of the land. The highest bidder is likely to be the one who can obtain the maximum profit from that site and so can pay the highest rent.
A common rule of thumb is to spend less than 30% of your salary on housing costs. The U.S. Department of Housing and Urban Development considers anyone spending more than 30% "cost burdened ...
One popular rule of thumb says your rent should be about 30% of your gross income. But how realistic is that number if you're living in any of America's 50 largest cities? Renters don't want to ...
ULI concludes that the Boston area is 25,000 units shy of the number needed to house the current workforce, and will face a shortage of an additional 11,000 units by 2020. While this example is drawn from one of the most acutely affected areas of the country, it illustrates the usefulness of defining the scope and scale of the problem as a ...
Alaska. Minimum hourly wage: $10.19 Annual income on the minimum wage: $21,195.20 Monthly rent one person can afford on minimum wage: $457.27 Average studio rent: $911 Average one-bedroom rent ...