A Princeton study has found a link between unaffordable rents and premature death. High rents are highlighted as a significant issue, with research showing that people spending 50% of their income on rent are more likely to die over the next 20 years compared to those paying 30%. The housing market is described as seriously deranged due to the homeowners' financial situation. Additionally, the housing shortage is emphasized, with comparisons made to the 2008 glut of homes. The study warns that unaffordable rent raises the risk of an early death, and as rents surge, homelessness has reached a record high while housing assistance has fallen to the lowest level in nearly 25 years. The impact of rising utility costs and housing instability is also noted, with concerns about the economic discourse over the past 25 years regarding the housing supply and its effect on the population's financial situation.
What I learned about the connection between rising utility costs and housing instability while reporting this story is seriously disturbing. Here are my takeaways: https://t.co/vCUssP3ZNt
Unaffordable rents are linked to early death, according to new research. People spending 50% of their income on rent were more likely to die over the next 20 years compared to people paying 30% of their income, a Princeton/Census Bureau study found. https://t.co/4eW2lxHcLb
Renters burdened by unaffordable housing costs may be at a higher risk of dying sooner, according to a new study published in the journal Social Science & Medicine. https://t.co/EjRwbvISRD
"One way I would describe a lot of economic discourse over the past 25 years is “We have the housing supply of a population that is poorer than we are, so we need to make ourselves poorer to match our housing.”" @KAErdmann https://t.co/ejSTqL5yYc
As rents surge and homelessness reach a record high, housing assistance has fallen to the lowest level in nearly 25 years — a stark contrast to growth in other safety net programs. https://t.co/Ba87nd7jpI
Unaffordable rent raises your risk of an early death, study warns https://t.co/eCbb8ajDDr https://t.co/iBtH4PQODF
If you think there was a glut of homes in 2008 and there is a shortage of homes now, I have bad news for you about the size of the shortage. The Housing Shortage Is Larger Than You Think: Part 2, by @KAErdmann https://t.co/Ii5pgnU9nX
“Most current homeowners are both richer and poorer than they understand,” @asymmetricinfo writes. “The result is a seriously deranged housing market.” https://t.co/4hrExPqVrl
High rents are killing us. Literally. https://t.co/fCbiQIEjjP
Unaffordable rents are linked to premature death, Princeton study finds https://t.co/YehjPi0s3I