LogFAQs > #883481357

I thought the topic title said "up to 146%" and was waiting for the Onion article link inside.

WastelandCowboy posted...

Under federal guidelines, households that spend more than 30 percent of their income on housing costs are considered "cost burdened" and will have difficulty affording basic necessities like food, clothing, transportation and medical care.

This metric seems like a poor one to me, because the percentage of your income you can devote towards housing (or anything, really) increases with your income. Earning $20k a year and spending half of it on housing is a lot different than earning $400k a year and spending half of it on housing.
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