Housing affordability index shows true cost of living
By Linda BrillKing 5
03/25/2010
What will it be? Live in the city or in the suburbs? A new study shows the true cost of living by including the cost of transportation. When looking to buy, the old rule of thumb is 30 percent of your income should go to housing. But, a new study tells us to add rising transportation costs to the equation.
What will it be? Live in the city or in the suburbs? A new study shows the true cost of living by including the cost of transportation. When looking to buy, the old rule of thumb is 30 percent of your income should go to housing. But, a new study tells us to add rising transportation costs to the equation.