Rising Rents Are Pushing More Tenants Past the Breaking Point

By Bloomberg, Oct. 26, 2017

Rents convey increased speedily across U.S.A. housing markets equally the portion of renting households has risen faster than the issue of novel units. Now, inward a survey published Th past times an apartment-listing service, nigh ane inward 5 respondents reports struggling to brand the monthly payments.

While big landlords look to endure succeeding at finding tenants who tin mail away proceed up, the survey, past times Apartment List, suggests escalating housing costs may endure straining renters’ resources. Eighteen per centum of respondents couldn’t pay the sum rent due inward at to the lowest degree ane of the past times 3 months, according to the poll of 40,000 renters. Of those who convey registered for the listing site this year, 3.3 per centum said they had been evicted inward the past, upwards from 2.8 per centum inward 2015.

Read More: https://www.bloomberg.com

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