What is affordable about housing?

ByJERUSALEM POST STAFF
May 25, 2017 11:36




Housing prices Jerusalem

Who can afford to live in Jerusalem/anywhere . (photo credit:CENTRAL BUREAU OF STATISTICS/MINISTRY OF CONSTRUCTION AND HOUSING/MILKEN INNOVATION CENTER)

The short answer is “not much.” What affordable housing means depends on whom you ask.

For housing, the accepted standard is no more than 30% of annual household income should be spent on household ownership. It is based on an expectation of the maximum amount of a household’s income that should be spent on housing versus other things like food, clothing, education.

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