Tag Archives | rent

Chart of the Day: Percentage of Income Paid in Rent over Time (Age 22 – 34)

Keeping with this week’s theme of affordable rental housing, here’s a chart from Howard Blackson’s Twitter page (not sure its original source) showing the percentage of income paid in rent, on average: In general, one should not pay more than 1/3 of one’s income to the landlord. The idea behind this chart is that you […]

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Reduce Affordable Housing Need in Three Steps

This is part 3 of a series on the interaction between the rental housing market and rents. Read part 1, “How I Set Apartment Rents,” and part 2, “Housing Markets? Humbug!“ I’ve dedicated the last 15 years of my life working on affordable housing policy. Mostly, I’ve worked where some sort of subsidy helps make it (more) affordable. In […]

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Housing Markets? Humbug!

This is part 2 of a series on the interaction between the rental housing market and rents. Read part 1, “How I Set Apartment Rents.”  Housing markets are complex, and here I attempt to explain how there can be a broad market trend and submarkets bucking that trend. I’m also going to imagine what might happen on a […]

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How I Set Apartment Rents

In Minneapolis, there is an active discussion about rising rents, whether supply and demand affect rents, and what to do about providing enough affordable and work-force housing. Related issues — markets, incomes, land use controls, local politics and processes, public subsidy and how it’s used — are all complex. No blog post, tweet, or newspaper article […]

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