state-affordability

Brooklyn is among the areas hardest hit by a steep decrease in affordability of housing in New York State, a report from the New York State comptroller found. From 2000 to 2012, statewide the percentage of renters paying more than 30 percent of their incomes to housing rose to 50.6 percent from 40.5 percent, while the percentage of homeowners doing the same rose to 33.9 percent from 26.4 percent.

Stagnating income was the leading cause, followed by increased housing costs such as taxes and heating, said the report. The New York Times and The Brooklyn Eagle both carried reports.

Housing Affordability in New York State March 2014 [NY State Comptroller]
Image by NY State Comptroller


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