Article on housing affordability threshold…..it is a real problem..

Thanks to one of our Patriots for a heads up on this article that deals with the looming problem of nationwide housing affordability….

https://www.zerohedge.com/news/2018-02-17/there-acute-crisis-coming-apartment-developer

Here is a paragraph from the article:

“Well, despite the so-called recovery and rising incomes (although as we showed last week, real incomes adjusted for inflation are once again falling), nearly half (47%) of all renter households (21 million) pay more than 30 percent of their income for housing, including 11 million households paying more than 50 percent of their income for housing, according to a late 2017 report from Harvard’s Joint Center for Housing Studies…”

(Comment: When we consider the plight of those on fixed incomes, we will say again, they are problems on the horizon for our citizens.)



Categories: Lake

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