Can you define what you mean by housing crisis? Affordability, supply etc.? | Hacker News

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		cebert on Oct 8, 2023 \| parent \| context \| favorite \| on: Ask HN: Is your country facing a housing crisis ri... Can you define what you mean by housing crisis? Affordability, supply etc.?

DrNosferatu on Oct 8, 2023 [–]

Monthly housing costs being higher than one third of your monthly net income. (assuming immediate access)

syndicatedjelly on Oct 8, 2023 | [–]

How is this rule-of-thumb automatically applicable to everywhere? Some places have higher taxes and lower housing costs, others are the opposite. And that's just within the United States.

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