affordable: Another Reason To Be Bullish On Portland's Multifamily Market
- 04/15/09 03:54 AM
One of the metrics to look at when picking an area for a long term investment is the affordability index. And by that I don't mean looking soley at how much the median income is in an area...I mean: Average Rent/Median Household Income = Affordability Index. (What portion of your pay goes to rent?) It's great that some investment counselors track Median Household Income (MHI), but without the context of average rent for that area we really don't have a way to evaluate areas that have long-term rent expansion capability. An obvious example is New York City. Clearly the MHI is higher … (0 comments)
Related Links:
Rick M. Bean
If you want to be a genius in 5 years, make wise c
;)
;)
