Bad And Good News About Rental Affordability Crisis

Dated: December 11 2013

Views: 6478

U.S. in ‘Worst Rental Affordability Crisis’ Ever

As rental demand grows, soaring rents are taking a bigger bite out of households’ pocketbooks. About half of renters spend more than 30 percent of their income on rent, up from 18 percent a decade ago, according to newly released research by Harvard’s Joint Center for Housing Studies. Twenty-seven percent of renters are paying more than half of their income on rent.
Despite the doom and gloom of the national media, El Pasoans have a unique alternative to the nation’s rental affordability crisis. (read more)

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