South Florida Is the Least Affordable Large Metro Area in the U.S.
Categories: Living In Paradise!
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According to a new study from the Washington-based Center for Housing Policy and the Chicago-based Center for Neighborhood Technology, South Florida households that make between $25,444 and $50,888 per year are spending almost three-fourths of their income just for a roof over their heads, and a car.
Housing and transportation costs are so clusterfucked with local incomes, they swallow up a huge part of the household budget.
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This is mainly due to South Florida incomes not keeping up with inflation.
Bottom line: we're all earning a lot less than what we can afford. And we're not talking gold-plated yachts and buckets of caviar here. We're talking every day needs like a place to live and car to get to our jobs and schools.
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