April 10, 2008

Real Affordability in Seattle

We need the equivalent of this map for Vancouver:

map1.jpg

You can find the full explanation here in the Slog Blog – but basically the blue areas are those where housing and transportation together cost more than 48 percent of median household income ($50,733 for a family of 2.5); taupe areas are places where they cost less.

The Center for Neighborhood Technology  wants to (inject) a dose of badly needed sanity into the debate over housing costs.  CNT has put together an “affordability index” that considers both housing prices and transportation costs in about 50 metropolitan areas. According to CNT’s analysis of the Seattle region, the most affordable parts of our region are actually inside city limits—once transportation costs are factored in.

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  1. hm… Central Park West and 5th Avenue in New York are “affordable” on a $51k household income… something seems amiss…

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