Posted: 29 Apr 2011 06:32 AM PDT
For 26 percent of renters they are paying over half of their income on just rent and utilities. That is a staggering number. As rents keep rising as demand is growing, these same families are facing increased fuel and food costs.
It really is brutal and it is not going to get any better.
The Federal Reserve is recognizing that inflation is coming fast and there is no real way to stop it. And with families getting foreclosed on regularly the rental population keeps on growing.
I wish I had an easy answer for these families. I do know that something will have to give, either a revamping of Section 8 housing or the millions of empty homes sell for low enough that the investors can price the homes to the marketplace.
Either way, struggling families will need to find a way to keep a roof over their heads.
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When Renting Becomes Too Expensive
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