Gotham Gazette has an excellent look at the effects of "a housing bust" by Queens College demographer Andrew Beveridge. This map shows how much income goes towards mortgages; Beveridge notes:
The median income of those paying less than 30 percent of their income on housing is $120,900. For those paying between 30 and 50 percent of their income, though, the median is $74,390, and for those paying over 50 percent the median income is $39,900.more ›


