Thursday, April 28, 2011

The Rent's Too Damn High but It's a Problem With an Easy Solution...If Only

The percentage of gross income that Americans pay for rent has been increasing for three decades, in large part because of stagnant wages for most of the population. The mortgage crisis and subsequent  wave of foreclosures has put even more pressure on the rental market. One remedy, that would allow underwater homeowners to remain in their homes as renters, has been introduced in Congress.. But, alas, the banking industry is fighting it with all its lobbying might.
http://www.alternet.org/news/150756/the_rent's_too_damn_high_but_it's_a_problem_with_an_easy_solution..._if_only/?utm

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