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ZingZongZaddy t1_j5vabl4 wrote

Reply to comment by iceflame1211 in MaineHousing releases 2023 housing outlook report by InterstellarDeathPur

I'm not going to get into the political semantics of the terminology, but it's simple matter of the metrics they're using not even beginning to crack the threshold of affordable. It's all a smoke and mirrors game to the people writing these reports.

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iceflame1211 t1_j5vc4uq wrote

The Affordable Homeownership Program is brand new, of course it hasn't begun to crack the threshold.
Their rentals however have absolutely made a significant dent, and helped Maine house families that wouldn't otherwise find any. These are based on tenant income (therefore, quite affordable).

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ZingZongZaddy t1_j5vlkt5 wrote

I'm saying the metrics they use to determine affordability are flawed and misleading. Like using median income, for example.

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iceflame1211 t1_j5vnniu wrote

I completely agree that the government statistics on income in general are horribly inaccurate and dated. MaineHousing uses market rate, size, utility cost, and other things in addition to median income to determine their rental rates, but their formula could probably be improved or updated.

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