Nearly half of all renter households in the US were cost-burdened in 2023, meaning they paid more than 30% of their income towards housing costs, according to new government data.
And that is only going to go up. In my area at least, the price of rent has gone up ~15% per year for the last 5 years. In 5 more years the apartment I was renting will cost more per year than my house payment.
And that is only going to go up. In my area at least, the price of rent has gone up ~15% per year for the last 5 years. In 5 more years the apartment I was renting will cost more per year than my house payment.