Rising Rents

Analyzing the Data

1) What does the slope in the trendline equation represent?

It represents the increasing rent to income ratio from 2011-2017 in all the cities. 

2) In which city is the rent to income ratio rising at the quickest rate?

Chicago’s rent to income ratio is rising at the quickest rate. 

3) Research at least 3 different sources that give recomended rent vs. income ratios (list the source and recommended rent vs. income ratio)

• Source 1: On average 30%

• Source 2:On average 30%

• Source 3:On average 30%

4) Use the trendline equation to predict the Rent to income ratio in each city for the year 2050:

• San Francisco: 80.75 percent 

• New York: 71.25

• Chicago: 37.75

• Atlanta: 49.75

5) Do your predictions for the year 2050 make sense? If not what might change to keep the rent to income ratio from rising to such high levels (hint: research displacement, rent control, affordable housing, etc.)

My predictions don’t make sense. People will not pay 80.75% for their rent.