I find this report to be flawed since they used a national average for housing prices
Can you point out where (in the article or the report) it states that they're comparing national average housing prices to state average wages?
> I find this report to be flawed since they used a national average for housing prices
Can you point out where (in the article or the report) it states that they're comparing national average housing prices to state average wages?
I thought I saw somewhere on the NLIHCwebsite that they used a national index, but upon further research it appears they use the HUD FMR data. HUD states on their website for FMRs:
HUD no longer performs surveys of local housing markets, but may accept telephone or mail surveys of local housing markets to obtain current rental housing information conducted on behalf of housing authorities in support of annual Fair Market Rent calculations.
Sounds like the FMRs are more of a estimation than accurate data.
I thought I saw somewhere on the NLIHCwebsite that they used a national index, but upon further research it appears they use the HUD FMR data. HUD states on their website for FMRs:
`HUD no longer performs surveys of local housing markets, but may accept telephone or mail surveys of local housing markets to obtain current rental housing information conducted on behalf of housing authorities in support of annual Fair Market Rent calculations.`
Sounds like the FMRs are more of a estimation than accurate data.
I find this report to be flawed since they used a national average for housing prices but state averages for wages. Many rural areas have housing well below the national average. They're rigging the report to support their belief that the government should subsidize housing for lower income workers.