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Unaffordable Apartments; Trump’s Faux Run

A just released Harvard study reports the share of renters who spend more than half their income on housing—26 percent or 10 million people--is at its highest level in 50 years. That’s a result of dropping incomes and a surge in demand, which has pushed up rents in many markets.

By Jonathan D. Miller | Updated on April 26, 2011

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A just released Harvard study reports the share of renters who spend more than half their income on housing—26 percent or 10 million people–is at its highest level in 50 years. That’s a result of dropping incomes and a surge in demand, which has pushed up rents in many markets. Supply shortages are especially evident in the affordable rental housing sector where developers now have the opportunity to accelerate new building.

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