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2 comments
JoeA

@HeliosPi @woozle
Fun facts: "In the 1940s, the maximum affordable rent for federally subsidized housing was set at 20 percent of income, which rose to 25 percent of income in 1969 and 30 percent of income in 1981."

huduser.gov/portal/pdredge/pdr

Woozle Hypertwin

@HeliosPi You mean 1/3 of income, for rent?

The guideline when I grew up was that you shouldn't spend more than 30% of your income (slightly less than 1/3), so... you're not wrong.

I'd say it should be more like basic income tax: income, minus reasonable living expenses, then take a percentage of that.

If all of your paycheck goes to basic living expenses, then your rent should be free.

Property tax should be figured the same way; right now, it's too much a tool for rich people to get all the currently-"desirable" spots because nobody else can afford to pay the taxes (even if you've been living there for a long time).

@HeliosPi You mean 1/3 of income, for rent?

The guideline when I grew up was that you shouldn't spend more than 30% of your income (slightly less than 1/3), so... you're not wrong.

I'd say it should be more like basic income tax: income, minus reasonable living expenses, then take a percentage of that.

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