http://money.cnn.com/2016/06/22/real_estate/rent-affordability-housing-harvard/index.html?iid=SF_River
This was from 2014 so based on current rental market my assumption that this is even worse now. Time to buy investment properties!
The number of renters dedicating at least half of their income toward housing hit a record high of 11 million people in 2014.A total of 21.3 million are spending 30% or more of their paycheck to cover the rent -- also a record high.
Here is some of the impact of high rental rates!
Household budgets are taking a hit
Middle-class renters in expensive cities are struggling
It's not just young people who are renting
Low-income renters are getting squeezed out
Homeownership is becoming more affordable
No comments:
Post a Comment