Back then, the rule of thumb was that housing costs--whether rents or mortgage payments--should not take more than one-fourth of a person's income. In 1901, housing costs took 23 percent of the average American family's spending. By 2003, it took 33 percent... #ThomasSowell

- September 18, 2024

Back then, the rule of thumb was that housing costs--whether rents or mortgage payments--should not take more than one-fourth of a person's income. In 1901, housing costs took 23 percent of the average American family's spending. By 2003, it took 33 percent... #ThomasSowell
— English Quotes (@english_quotes) Sep 18, 2024

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English Quotes

Back then, the rule of thumb was that housing costs--whether rents or mortgage payments--should not take more than one-fourth of a person's income. In 1901, housing costs took 23 percent of the average American family's spending. By 2003, it took 33 percent... #ThomasSowell

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