March 5, 2025

The Escalating Rent Burden: Navigating Housing Affordability in 2024

Housing affordability has become an increasingly pressing issue in recent years, with renters dedicating a larger share of their income to housing costs. A December 2024 article from Forbes highlighted that, on average, renters are now allocating 42% of their pre-tax income to rent, a significant increase from 35% in 2021. (Forbes) The 30% Benchmark: […]

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The Ripple Effect: How Luxury Apartment Demand is Inflating Affordable Housing Rents

The luxury apartment market has been experiencing rapid growth in recent years, with developers rushing to meet the demand for high-end living spaces. While this trend may seem like a sign of prosperity, it has had unintended consequences on affordable housing. Renters looking for budget-friendly apartments are now facing higher costs, as the surge in

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