The Affordability Thing

First of all, no one defines it properly.  When most people talk about affordability, they are using it as a synonym for price.  But this is nonsense because affordability is a ratio: price divided by ability to pay.  What is affordable for someone in Westmount or Tuxedo or North Van is quite different from what is affordable to someone from Verdun or the North End or the downtown East Side. More...