More households now struggle to pay rent, according to a newly released report from the Joint Center for Housing Studies of Harvard University. It finds that in 2022, as rents spiked during the COVID-19 pandemic, a record half of U.S. renters paid more than 30% of their income for rent and utilities. Nearly half of those people were severely cost-burdened, paying more than 50% of their income.


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Syksyllä vain joka neljäs piti omia asumiskulujaan liian kovina – silti yhä useampi omistusasuja hakee apua ylivelkaantumiseen

Finland

Rent has never been less affordable - for tenants with high and low incomes alike - even while costs for new leases are finally cooling off.

Ad Fontes Media

All Sides

Media Bias/Fact Check

The Washington Post

Jeff Bezos

Rent has never been less affordable, especially for the middle class

The study from Harvard's Joint Center for Housing Studies defines those who spend over 50% on rent and utilities as "severely cost-burdened."

Business Insider

United States

More than 12 million Americans are spending at least half their entire paycheck on rent, Harvard study says

A new Harvard analysis finds people across income levels got squeezed by rent hikes during the pandemic. The market has lost millions of low-rent places, and new construction is mostly high-end.(Image credit: Matt Rourke/AP)

National Public Radio, Inc

Washington

District of Columbia

Housing is now unaffordable for a record half of all U.S. renters, study finds

A new study has found that half of renters in America cannot afford housing.

The Gateway Pundit

Jim Hoft

BIDEN'S AMERICA: Study Finds Half of Renters in the U.S. Can't Afford Housing

The sharp rise in rents over the last few years has pushed millions of households to spend far more of their income on housing costs to an all-time high,...

MarketWatch

Murdoch family

More renters than ever now spend too much of their incomes on housing, Harvard study finds

Asiantuntijan mukaan asumistukien leikkaaminen tai heikentyvä työllisyystilanne voivat nopeasti muuttaa suomalaisten mielipiteitä omien asumiskulujen kohtuullisuudesta.

Ministry of Transport and Communications (Finland)

Over the past two years, Genuine Campbell was shocked at how rent for her two-bedroom apartment in Philadelphia just kept going up — from $1,300 a month to $1,600. She's a single mom of four, and right as her rent was rising, her hours as a hotel valet were getting cut.Add in utility costs plus inflation, and every month brought a wrenching decision."Do you want to pay the bills and then give half the rent, or do you want to try to do the whole …

Oregon Public Broadcasting

Portland

Multnomah County

Oregon

Housing is now unaffordable for a record half of all US renters, study finds

With soaring real estate and housing prices in recent years, housing affordability rates hit a record high in 2022, with half of renters qualifying as “cost-burdened,” new research finds. According to a report by the Joint Center for Housing Studies of Harvard University published Thursday, there were a record 22.4 million households in which renters paid more than 30 percent of their income in... Source

Truthout

Sacramento

Sacramento County

California

Study: Half of Renters Paid Unaffordable Rates in 2022, a Record High

A new Harvard University report finds that housing was unaffordable for a record half of renters in 2022. And a softening rental market might not help those who struggle most. (Matt Rourke/AP) Over the past two years, Genuine Campbell was shocked at how rent for her two-bedroom apartment in Philadelphia just kept going up — from $1,300 a month to $1,600. She’s a single mom of four, and right as her rent was rising, her hours as a hotel valet wer…

KTOO

A new Harvard analysis reveals soaring housing costs put a financial strain on millions of renters, with prices spiking during the pandemic.

Housing is now unaffordable for a record half of all US renters, study finds

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