Housing stress describes a situation where the cost of housing (either as rental, or as a mortgage) is high relative to household income. It may also be used to describe inadequate housing for a proportion of the population.
As a rule of thumb, a household spending 30 per cent or more of its income can be considered under housing stress, and under "extreme" housing stress if spending exceeds 50 percent.[1] Other studies may apply a different threshold, or restrict its definition to households with below average income.[2] The Economic Research Service of the United States Department of Agriculture classifies counties as under housing stress" if 30 percent or more of its housing units meets one or more of the following criteria: lacked complete plumbing, lacked complete kitchens, paid 30 per cent or more for owner costs or rent, or had more than one person per room.[3]
^. Archived from the original on 2008-08-15. Retrieved 2008-06-14.
^Polakow, Valerie; Guillean, Cindy (2001). International Perspectives on Homelessness. Greenwood Publishing Group. p. 175. ISBN978-0-313-30855-0.
^. Archived from the original on 2008-06-16. Retrieved 2008-06-14.
April 17, 2024
housing, stress, describes, situation, where, cost, housing, either, rental, mortgage, high, relative, household, income, also, used, describe, inadequate, housing, proportion, population, rule, thumb, household, spending, cent, more, income, considered, under. Housing stress describes a situation where the cost of housing either as rental or as a mortgage is high relative to household income It may also be used to describe inadequate housing for a proportion of the population As a rule of thumb a household spending 30 per cent or more of its income can be considered under housing stress and under extreme housing stress if spending exceeds 50 percent 1 Other studies may apply a different threshold or restrict its definition to households with below average income 2 The Economic Research Service of the United States Department of Agriculture classifies counties as under housing stress if 30 percent or more of its housing units meets one or more of the following criteria lacked complete plumbing lacked complete kitchens paid 30 per cent or more for owner costs or rent or had more than one person per room 3 See also editCost of living Downshifting Lying flat Quarter life crisis Standard of livingReferences edit Show Me the Money Financing More Affordable Housing by Michael Berry 2004 Archived from the original on 2008 08 15 Retrieved 2008 06 14 Polakow Valerie Guillean Cindy 2001 International Perspectives on Homelessness Greenwood Publishing Group p 175 ISBN 978 0 313 30855 0 Prosperous Athens Archived from the original on 2008 06 16 Retrieved 2008 06 14 Retrieved from https en wikipedia org w index php title Housing stress amp oldid 1211969862, wikipedia, wiki, book, books, library,
