However in the latest 40 years before the fresh new recession, rents increased at over twice the speed off incomes. Between 2001 and you may 2014, exactly how many really burdened renters-domiciles using more 50 % of its income to the rent-increased by the more 50 %. Instead not surprisingly, due to the fact housing rates has erupted, exactly how many 31- so you’re able to 34-year-olds exactly who own home features plummeted.

Falling homeownership prices, by themselves, aren’t necessarily a tragedy. But all of our nation features contrived a whole Game from Lives series you to definitely relies on being able to get a house. You lease for a while to save right up to own a lower payment, you then pick a beginning home with your ex lover, then you transfer to more substantial place and you can raise children. (далее…)