Location, Location, Location: True Affordability Measurement Gives an Old Saw New Bite*
The question of housing affordability is generally addressed through median home price analysis, yet, residents commit a good portion of their income getting to and from their homes. All too often, buyers fail to consider the relationships between urban form, site selection, and transportation costs, or their collective impact on household economic well-being. Architects, transportation planners, developers, and elected officials, as well as potential buyers, should consider true housing affordability. Learn about innovative methods of measuring affordability.