The tenant is a traveling nurse and lives by herself so usage should actually be minimal (FYI, according to our local water department 1-person household uses 100-300 cubic feet per month). 

Article quote:"In 2015, more than 66 percent of households in Belair-Edison, Washington Village/Pigtown and Madison/East End spent more than 30 percent of their income on rent costs.

The median household income is 60k, so where is the money going.

Both households make over $200K per year and they live in $400K+ homes that they own.

Because they are qualified for Section 8 based on total household income.

Originally posted by Max Householder: A few quick questions about the 1% rule while digesting the BP Intro to Real Estate Analysis.

“A thousand dollars added to the price of a new home, at any time, in any way, ... will eliminate 153,967 households from being able to buy that home,” said Greg Ugalde, immediate past chairman of the National Association of Home Builders.

This is any household relying on a fixed payment salary as well anymore.

I have attached an article that compares the government's revenue and spending and breaks it down as if it were a household budget.

@Joel Owens, You realize that there are less than 70,000 households in the U.S. with a networth of  $25 million dollars or more.