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Thursday, September 22, 2011

More People Spending More Of Their Income On Rent

New data on U.S. housing costs shows that more than half of the nation's renters are writing rent checks that are at least 30% of their household income, and one in four renters are paying out half their income for shelter.

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6 comments:

  1. AnonymousSeptember 22, 2011 at 3:41 PM

    Too true. I'm living that reality.

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  2. AnonymousSeptember 22, 2011 at 4:11 PM

    exactly. because we can't get a loan to buy, we have to pay the price.

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  3. AnonymousSeptember 22, 2011 at 4:18 PM

    You idiots can thank Barney Frank & Dodd for housing problems

    ReplyDelete
  4. AnonymousSeptember 22, 2011 at 4:42 PM

    OK,now at the risk of sounding naive,I'll ask the following question:What about all of the loan company ads,like Quicken loans and Countrywide?They continue to advertise on the radio and TV,claiming rates of 4% or less.Are they not for real?

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  5. AnonymousSeptember 22, 2011 at 5:26 PM

    4:42 pm - I believe they are real however, credit score is everything, and people don't take care of their credit therefore cannot get a loan.

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  6. AnonymousSeptember 23, 2011 at 2:55 AM

    No you can get the loan just can't pay it and then your house gets foreclosed on because you either couldn't make the payment or pay your property taxes

    ReplyDelete

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