Squeezing out the working class through higher rents: 11.3 million Americans spend more than half their income on rent in 2011, a jump of 28 percent from 2007.

By drhousingbubble Welcome to landlord nation. People need a place to live and a recent Harvard analysis found that more Americans are spending a larger portion of their income on housing. More to the point, there are now 11.3 million Americans that spend half of their income on rent. This is a significant jump of 28 percent […]

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