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.

If the underlying economy is not strong, it may take many years for the excess housing units to get absorbed, and the local real estate market may stagnate for long periods of time.Socio-Economic Trends Trends in number of households and household income play a key role in the vacancy and income rates experienced in the surrounding markets.

Furthermore, I believe there will be a demographic shift out of the expensive larger cities as more family-unit households are formed.

His son was also responsible to make sure the shared chores of the household, cleaning and maintenance of the home was done well.

Here's an excellent tool that I use when posting online about anything (i.e. selling cars, household goods, renting out rooms/houses, etc.).