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Tech millionaire builds 99-unit tiny house neighborhood for homeless Canadians - rent is kept at 30% of income, the large majority of residents pay a maximum of $200 — including all utilities (www.goodgoodgood.co)
submitted 1 year ago by Blaze@sopuli.xyz to c/goodnewseveryone@sh.itjust.works
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[-] viking@infosec.pub 6 points 1 year ago

Damn, $200 sounds low, on the other hand 30% is a crazy share. I'm targeting 10-15% at most.

[-] ccunix@sh.itjust.works 3 points 1 year ago

In France the law does not allow rent (or mortgage) payments higher than 1/3 of net monthly income.

It is pretty effective at keeping the housing market vaguely in check.

Fell apart after COVID when a bunch of Parisians sold their little apartments and arrived in the provinces with a million in their pocket. The law has kept it level after that big jump though I think.

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this post was submitted on 20 Mar 2025
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