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A comment on The Middle Class Can't Afford to Live in Cities Anymore. Parent comment

Re:The Middle Class Can't Afford to Live in Cities Anymore by alistairSH on Saturday December 31, 2016 @01:47PM (#13292448)
Honest question... where does the 30% income/housing ratio come from? I always assumed it was pushed by the housing industry to "con" us into more housing than we need.
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Re:The Middle Class Can't Afford to Live in Cities Anymore by saryant on Saturday December 31, 2016 @01:50PM (#13292460)
That's why I called it arbitrary.

https://www.bloomberg.com/news/articles/2014-07-17/housings-...

I was using it as a starting point.

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Re:The Middle Class Can't Afford to Live in Cities Anymore by lostlogin on Saturday December 31, 2016 @04:08PM (#13293163)
Excellent link, thank you.
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Re:The Middle Class Can't Afford to Live in Cities Anymore by laughfactory on Saturday December 31, 2016 @03:14PM (#13292915)
I tend to agree. The bottom line (and very obvious) is that the more spent in any one budget category, the less available for all other categories--housing included. My wife and I shoot for no more than 20% in order to ensure we can meet our other financial goals. We have paid as high as 46% (in San Diego), which simply wasn't workable.
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Re:The Middle Class Can't Afford to Live in Cities Anymore by amyjess on Saturday December 31, 2016 @05:00PM (#13293425)
A lot of it is enforced by landlords. Go apartment hunting, and they'll all tell you they'll only lease to you if the rent on the unit is less than 1/3 your gross income.
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