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Bad And Good News About Rental Affordability Crisis
Dated: December 11 2013
Views: 6478
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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