Posted on December 10, 2013
Rising rent burden for US renters “can’t be fixed city-by-city,” says Harvard study
More than half of American renters are now paying more than 30 percent of their income for rent, according to a new Harvard study, a problem that researchers say is as much a “low income” problem as it is a “high rent” problem.
Their conclusion: the rental affordability crisis can’t be fixed on a city-by-city basis. They need a national housing strategy in the United States, just as we do here, and action to raise or protect incomes.
What can cities do? In Vancouver, we’re trying to increase the supply of rentals that are affordable for middle income families: a practical strategy, within city means, but by no means a complete solution.