Bad Math Fuels Fears of Apartment Affordability Crisis
[{"id": "czwgz82", "text": "Shouldn't this ratio be using actual take-home pay, not before-tax income?", "replies": [{"id": "czwnp4g", "text": "It should, however many people talking about the affordability factor do not have access to actual take home pay numbers and are instead basing it off gross median income/rent amounts only.  Considering that MPF is getting its data from what the property manager's collect at the time of lease, most apartments look at actual take home not gross income, the author of the article is asserting that MPF's research is better.", "replies": [{"id": "czxbezy", "text": "aren't most residential underwriting numbers based on gross income too (the percentages for qualifying mortgages?)", "replies": [{"id": "czxfji2", "text": "Absolutely correct.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]