Report: Rent burden impacting more $75,000-a-year earners

Rental market conditions in the United States have changed fundamentally since the Great Recession, according to America’s Rental Housing 2020, a new report from the Harvard Joint Center for Housing Studies.

The report shows how it has become harder than ever for middle-income Americans to pay the rent.

With higher-income households accounting for much of the growth in rental demand since 2010, new supply has been concentrated at the upper end of the market.

Meanwhile, rising demand and constricted supply have reduced the stock of low- and moderate-cost rental units, leaving modest-income Americans caught in the middle.

According to the new report, households with incomes of $75,000 and above accounted for more than three-quarters of the growth in renters (3.2 million) from 2010 to 2018. ..
   ...more

RSK: I guess parents are going to have to start gifting the kids inheritance early.

Ken Notes: Smart parents will invest in real estate and then lease it back to their kids for income, investment, and easy transition of assets in the future...