In recent years, the housing market in the United States has seen a concerning trend, especially within the rental sector. Highlighting the struggle, a…
In recent years, the housing market in the United States has seen a concerning trend, especially within the rental sector. Highlighting the struggle, a February article from Fortune illustrates the hardships faced by low-income renters. Caitlyn Colbert, a single mother and social worker in Denver, represents the predicament many Americans are battling with the rising costs of rent. A decade ago, Colbert was able to afford her two-bedroom apartment at a monthly rate of $750, but by last year, her
A new Harvard University study found that half of U.S. renters are paying nearly a third of their income on rent. Monthly rent has outpaced income across the U.S., and forced many to make tough decisions between everyday necessities and a home. In turn, a record number of people are becoming homeless and evictions filings have ratcheted up as pandemic-era eviction moratoriums and federal assistance ends. The widespread hardship has prompted state lawmakers across the U.S. to throw the kitchen sink at the problem in 2024. State proposals include everything from installing protections from eviction to capping annual rent increases.
A new Harvard University study found that half of U.S. renters are paying nearly a third of their income on rent. Monthly rent has outpaced income across the U.S., and forced many to make tough decisions between everyday necessities and a home. In turn, a record number of people are becoming homeless and evictions filings have ratcheted up as pandemic-era eviction moratoriums and federal assistance ends. The widespread hardship has prompted state lawmakers across the U.S. to throw the kitchen sink at the problem in 2024. State proposals include everything from installing protections from eviction to capping annual rent increases.
A record number of Americans can't afford their rent. Lawmakers are scrambling to help kunc.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kunc.org Daily Mail and Mail on Sunday newspapers.