In San Francisco you are considered "low income" if you earn less than $95,000 per year:In San Francisco, the income limits for resale homes (for one or two people) is $135,720 for moderate units, and $81,432 for low income units, and for new construction (read: South Beach High Rises) $135,720 is the moderate limit and $95,004 is the low income limit.Thank you Mr. Housing Bubble!
How crazy is that? You're low income in San Francisco if you make less than $95,000 per year. Looks like the lines for affordable unit lotteries are going to grow exponentially now...
Source.
Welcome to NIMBY Northern California! Now go home before it's too late.
3 comments:
My favorite recurring visitors are the Federal Reserve Board & Fannie Mae!
what if one of you two bloggers Marinite or Athena was picked for Bernackes' job? Perhaps they're talent scouting for sane people.
what if one of you two bloggers Marinite or Athena was picked for Bernackes' job?
Ahahahahaha! I never in a million years would have seen that one coming! LOL!
So Athena, what would you do in Bernanke's position? I know what I'd do; Scylla or Charybdis. I guess I'd choose Scylla.
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