Thursday, November 29, 2007

You Can't Live There Any More

Washington Post buries a report from the Urban Institute on housing prices:
a medical services manager who earned $87,300 a year could afford only 14 percent of the homes in the Washington area last year, compared with 49 percent four years earlier, the study said.

households needed to earn $49,000 a year to afford the region's average monthly rent of $1,226.

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