You have described a serious problem but no solution (or cause). Do you have any suggestions? Can government solve the issue or did government cause the problems?
You're right. One of the primary causes is that rental housing has become a commodity, with buildings purchased by hedge funds, etc. Either that ends, or we need much more affordable housing stock that's somehow immune to exploitation.
It's clearly a vexing problem for tens of millions. I recall a high school business class in the mid '60's where we learned that housing should not cost more than 19% of your income. Now "they" say 30% ... but in actuality, it's probably more like 50-60% leaving little for food, insurance, transportation, clothing and incidentals.
You have described a serious problem but no solution (or cause). Do you have any suggestions? Can government solve the issue or did government cause the problems?
You're right. One of the primary causes is that rental housing has become a commodity, with buildings purchased by hedge funds, etc. Either that ends, or we need much more affordable housing stock that's somehow immune to exploitation.
It's clearly a vexing problem for tens of millions. I recall a high school business class in the mid '60's where we learned that housing should not cost more than 19% of your income. Now "they" say 30% ... but in actuality, it's probably more like 50-60% leaving little for food, insurance, transportation, clothing and incidentals.
Great article, makes you think.