Young adults aren’t just priced out of homeownership; Many can’t afford to rent either

A recent report shows young adults are increasingly unable to afford even rental housing on their own, never mind homeownership. The Housing Assessment Resource Tool report says that living alone has become a luxury many young adults can’t afford, so many are postponing forming households.  On average, people aged 25 to 34 earn about 25% … Read more

It’s an ideal time for governments to buy private apartments to keep them affordable

We lost about a half million affordable for-profit rental units in the decade to 2021, mostly as older apartment buildings were bought by big financial investors. Borrowing costs were low, rents were soaring and rent-control laws allowed landlords to raise rent by any amount if a tenancy ended, so it was highly profitable. Today, borrowing … Read more