I recently did some back of the envelope calculations and if I'm not mistaken, my family paid something like 18% of our limited income on housing. 18%? Do you know anybody today who pays 18%? I doubt it. More likely people are paying 40, 50% or even more [of their income on housing] today. which means that they have less money available for other basic necessities. Further, my older brother went to a very fine public college, Brooklyn College. And you know what he paid in tuition? (03:29)
CLAIM
Asserts that people today are paying 40-50% or more of their income on housing.
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