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  1. 1 Critical Housing Analysis

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  1. 1 Furth S.

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  1. 1 2021

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Decomposing housing unaffordability

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Furth S.
Critical Housing Analysis
|
2021
|
vol. 8
|
issue 1
62-71
EN
A US household is considered ‘rent burdened’ when its rent exceeds 30% of its income. This simple ratio can be decomposed to better understand the sources of unaffordability across space. To demonstrate this new approach, I rewrite the equation for rent burden as a sum of four factors: rent gap, income gap, excess size cost, and demographic baseline, and show that US rental unaffordability is mostly the result of low incomes. Focusing on the New England region, however, I show that high rent is the primary cause of unaffordability in high-cost, high-wage metro areas. This decomposition can help affordability advocates prioritise strategies appropriately across space.
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