11/04/2016
So New Map Of London Tube shows the Affordable areas for those renting.. quite SHOCKING
Still Dubious?....
This is how they do their workings out:
Affordable: when the average cost of a two-bed private rental property is less than 35% of the combined take home pay of a two-wage household (one person working full-time, one working part-time) on an average salary.
Difficult to afford: when the average cost of a two-bed private rental property is between 35% and 50% of the combined take home pay of a two-wage household (one person working full-time, one working part-time) on an average salary.
Unaffordable: when the average cost of a two-bed private rental property is more than 50% of the combined take home pay of a two-wage household (one person working full-time, one working part-time) on an average salary.
http://england.shelter.org.uk/support_us/campaigns/tube_map_affordability
Shelter's London Tube Map of Affordability shows how unaffordable renting in the city has now become, and why the new London Mayor must fix it.