The Times says \u201cmedian asking rent in Manhattan is $6,000\u201d for a two-bedroom flat. \u00a0If this is right, you\u2019d need 6*12\/.33 = $218,000 income to afford it, assuming ~1\/3 of your income goes on rent, or $288,000 if you spent 1\/4 on rent, the benchmark I used when I was young to figure affordability.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Times says \u201cmedian asking rent in Manhattan is $6,000\u201d for a two-bedroom flat. \u00a0If this is right, you\u2019d need 6*12\/.33 = $218,000 income to afford it, assuming ~1\/3 of your income goes on rent, or $288,000 if you spent 1\/4 on rent, the benchmark I used when I was young to figure affordability.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[1],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/ifmbanm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/1732"}],"collection":[{"href":"https:\/\/ifmbanm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifmbanm.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifmbanm.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ifmbanm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1732"}],"version-history":[{"count":0,"href":"https:\/\/ifmbanm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/1732\/revisions"}],"wp:attachment":[{"href":"https:\/\/ifmbanm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifmbanm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifmbanm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}