From another thread and out of curiosity and to spark debate. What do you consider to be affordable housing, and how would you measure it.
For reference and to start things off a few definitions.
Stats Can defines affordable housing as housing costing less then 35% of the household income and includes minor carrying costs associated with the dwelling unit.
When I got my mortgage the Bank would not allow my monthly payment to exceed 20% of my household income (me).
Others define it as "Rents that are affordable to households whose annual income is 80% or less of the median income range for the county in which the property is located.
The median income range and other applicable income limits are outlined on charts published by the Washington State Housing Finance Commission, HUD and USDA Rural Housing Service."
I think when defining affordable housing you need to look at total "normal" living cost. For example, If I choose to live downtown, but don't have to have a car, but my rent is sky high it might not meet the definition of affordable housing as compared to someone who has to pay for a car to drive to work everyday.