Housing "Affordability" Is Measured by the Ratio of Local Housing

question 54

True/False

Housing "affordability" is measured by the ratio of local housing price to local income.

---

Definitions:

Concept/Framework

An abstract idea or mental structure used to organize knowledge and guide thought or action.

Interprets Information

The process of understanding, analyzing, and making meaning out of data or signals.

Schema

Cognitive frameworks or concepts that help organize and interpret information from the world around us.

Four-Legged Animals

Animals that have four limbs used for walking, running, or other forms of locomotion.