US EditionHousing is now unaffordable for a record half of all US renters, study finds
- A new Harvard University report reveals that in 2022, a record half of U.S. Renters paid more than 30% of their income for rent and utilities, with nearly half of them paying over 50%.
- Even households making $30,000 to $74,999 a year faced increased unaffordability, and a third of full-time working renters were burdened by housing costs.
- The rental market is softening, but compromises such as living in less desirable neighborhoods or longer commutes no longer guarantee cheaper rent.
13 Articles
13 Articles
Syksyllä vain joka neljäs piti omia asumiskulujaan liian kovina – silti yhä useampi omistusasuja hakee apua ylivelkaantumiseen
Asiantuntijan mukaan asumistukien leikkaaminen tai heikentyvä työllisyystilanne voivat nopeasti muuttaa suomalaisten mielipiteitä omien asumiskulujen kohtuullisuudesta.
Study: Half of Renters Paid Unaffordable Rates in 2022, a Record High
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
Housing is now unaffordable for a record half of all US renters, study finds
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 …
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