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Rents in the United States have been rising faster than incomes for several years, demanding a larger share of household budgets. In fact, nearly one-third of American renter households contribute 50 percent or more of income towards rent. Are Small Asset Rentals Less ‘Severe’ on Renter Budgets? Following the definition used by the Harvard Joint Center for Housing Studies (JCHS) in their recently released 2016 annual … Continue reading How Big is the Rent Affordability Problem?
Education is arguably the strongest predictor of present and future levels of American workers’ income. As a result, there is a correlation between education attainment and the size of a building a renter is likely to call home. It should come as no surprise that individuals with advanced degrees are typically employed in better paying jobs that require higher skills. As noted in our post on the … Continue reading How Does Education Attainment Impact Where People Rent?