Housing affordability remains a critical issue in Utah, with homeownership out of reach for the majority of renters. Only 15% of Utah's renter households can afford a home priced between $300,000 and $400,000, according to a report. While some aspects of inflation are cooling, the cost of renting continues to rise in the state. An analysis by The Salt Lake Tribune revealed that more than a third of Utah lawmakers have ties to the real estate and development industries, with nearly 40% profiting from these sectors. Top leaders in the Utah Legislature own more than a dozen companies involved in real estate and development, raising questions about potential conflicts of interest and their impact on the housing crisis. The analysis also calculated the needed income to spend less than 28% of monthly pay on a mortgage across all of Utah's 29 counties.
Leaders in the Utah Legislature have been pushing to build new homes in Utah — and are making money off that development. https://t.co/Rzj8pFxzJu
More than one-third of the Utah Legislature profits from Utah’s real estate industry. https://t.co/jf4BmliH9T
More than a third of Utah lawmakers profit from real estate. Is that good for Utah’s housing crisis? https://t.co/ywjIaDtfzT
Nearly 40% of Utah lawmakers profit in some way from real estate and development, according to info they’ve voluntarily disclosed. Top leaders each own more than a dozen companies involved in those industries. Is that impacting Utah’s housing crisis? https://t.co/z4dBJfSgeU
See what connections your lawmaker has to Utah’s housing industry https://t.co/Yyjaecw2Tq
Utahns say they worry about housing and political dysfunction. A new analysis of the Utah Legislature's conflict of interest forms by @emilyreanderson found that more than a third of lawmakers have ties to real estate and development industries. #utpol https://t.co/UcFCLBkxPU
The Salt Lake Tribune looked at median home sale prices and calculated the needed income to spend less than 28% of monthly pay on a mortgage. Here’s what we found for all of Utah’s 29 counties. https://t.co/Nk3T99jAwg
While some aspects of inflation are cooling down, the cost of renting has continued rising in Utah. @danielmwoodruff reports. https://t.co/oOr6YCbWFT
Housing affordability is top of mind for many Utahns. And homeownership is out of reach for the majority of renters. Just 15% of Utah’s renter households can afford a home that costs between $300,000 and $400,000, according to a report. https://t.co/BouH2EbMDq