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In the United States [20] and Canada, [21] a commonly accepted guideline for housing affordability is a housing cost, including utilities, that does not exceed 30% of a household's gross income. [22] Some definitions include maintenance costs as part of housing costs. [23] Canada, for example, switched to a 25% rule from a 20% rule in the 1950s.
The passage of the Rent Regulation Reform Act of 1997 restricted rent stabilization to apartments where the legal, or stabilized, rent was under $2,000 per month. The decontrol rent was set at $2,000. The decontrol income was $175,000. [13] In June 2011, the New York State Legislature enacted the Rent Act of 2011. [13] It did the following:
In 2018, an estimated 21% of Stapleton and the North Shore residents lived in poverty, compared to 17% in all of Staten Island and 20% in all of New York City. One in fourteen residents (7%) were unemployed, compared to 6% in Staten Island and 9% in New York City. Rent burden, or the percentage of residents who have difficulty paying their rent ...
August 14, 2024 at 6:10 PM. A new study found that for the second year in a row, Washington, D.C., is the least desirable place to live in the U.S., with 33% of the participants who took part in ...
HANOI (Reuters) -The European Union's foreign policy chief Josep Borrell said on Tuesday the EU wanted to guarantee peace in the South China Sea and told Vietnam the bloc could help boost its ...
Average mortgage rates for 30-year and 15-year terms are holding steady as of Wednesday, June 31, 2024, as the Federal Reserve concludes its fifth policy session of the year.
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Staten Island. / 40.57194°N 74.14694°W / 40.57194; -74.14694. Staten Island ( / ˈstætən / STAT-ən) is the southernmost borough of New York City, coextensive with Richmond County and situated at the southernmost point of New York. The borough is separated from the adjacent state of New Jersey by the Arthur Kill and the Kill Van ...
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