While starter homes may be considered affordable based on income, the true cost of home ownership has historically not been reflected in actual financing.

The homes on Mount Rainier were considered affordable, ranging from $2000 to $5000.

At the same time, anything considered affordable by a middle-income household gets snapped up fast.

The units are considered affordable by many people because tenants pay no more than 30 percent of their income.

It was considered affordable at a price of US$140.

Now with condos selling for up to 50 percent more than a co-op, they have become very popular and are considered affordable.

China's total foreign debt of $137 billion is still considered affordable, even conservative.

The combined water and sewerage bill amounts to about 1% of household income and is thus considered affordable.

I was shocked, however, to learn that rents of $1,400 and condominium prices of $125,000 were considered affordable.

It is also the only option that is considered affordable to the county, which is facing a deficit this year.