A new study reveals that a record number of Americans are facing unaffordable rental prices, with half of all renters spending over 30% of their income on rent and utilities. Housing costs are surging, straining Czech households and crushing poorer families' living standards, who now spend around 34% of their income on housing, double the percentage from 1980. More than half of aspiring homeowners find it challenging to afford a down payment and closing costs due to the high cost of living and insufficient income. Manhattan residents are among those paying some of the highest percentages of income on rent in the nation.
Manhattan residents pay among the nation’s highest percentages of income on rent: Study https://t.co/IHjOGfRrb4 https://t.co/67dt0USz2G
More than half (51%) of aspiring homeowners say cost of living and insufficient income make it difficult to afford a down payment and closing costs for a home, according toe Bankrate.
Housing costs surge, straining Czech households, especially single parents https://t.co/3eqx1GulXz https://t.co/VZZBoXw2CO
Housing costs crush poorer households living standards. The poorest families spend around 34% of their income on housing – twice as high as the 17% they spent in 1980 https://t.co/zTUU5pbQ0W
Rental prices are unaffordable for a record number of Americans with half of all renters paying more than 30 percent of their income on rent and utilities, according to a new study. https://t.co/wdm2fFc4Z0