You can earn $100K a year in these Bay Area counties and still be ‘low-income’
In the exorbitantly expensive Bay Area, you can earn a six-figure salary and still be considered low-income.
“In theory, those higher rents should be affordable,” said Matt Schwartz, chief executive of the nonprofit California Housing Partnership. “But in practice, often the reason the income limits go up is not because the incomes of all the working, lower-income households are going up but because some of those lower-income households have left the region, and higher-income households are coming in.”
“One of the challenges when you have a chronic housing shortage, which we do in the Bay Area, is that those who are higher income can outbid everyone else for scarce housing resources,” said Sarah Karlinsky, a housing expert with regional think tank SPUR. “We need to build substantially more housing in our region overall to help address the housing crisis.”
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Bay Area father suggests surprising place for quiet driving lessons: RoadshowPlus, a reader says her husband with vision issues was rushed through driver’s license renewal
Baca lebih lajut »
More great Bay Area pizza: Readers share their favoritesHere’s the roundup of places to try from readers who are passionate about their pizza:
Baca lebih lajut »
Bay Area tech layoffs hit mainly non-tech workers: CBRE reportThe massive tech layoffs that have jolted the Bay Area job market have primarily affected non-tech employees.
Baca lebih lajut »
Push for working freeway cameras in Bay Area after 3 shootings in 5 daysThe California Highway Patrol is investigating a shooting on Interstate 980 in Oakland that left one person injured.
Baca lebih lajut »
2 Mega Millions tickets worth $287,000 each sold in Bay AreaCheck your tickets! No one hit Tuesday night's Mega Millions jackpot, but two tickets sold in the Bay Area matched five numbers - worth $287,200 each.
Baca lebih lajut »
2 Bay Area stores sell lucky Mega Millions ticketsCheck your tickets! Two Bay Area stores sold lucky Mega Millions tickets, each matching five numbers.
Baca lebih lajut »