Problem Statement

Problem Statement: Affordable housing is defined in terms of multiples of the median income. For instance, if the median income of an area is $100 whereas the median home price in that same area is $400, the ratio is 4:1. A housing unit is said to be affordable when this ratio is less than 5. In most important cities of the world, it has now become impossible to find housing units where the ratio is less than 5. In most cases, the ratio is between 7 to 10, which means that the housing unit is severely unaffordable.

Executive Summary

Data Dictionary