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It’s a tough time to be a renter. According to data from the U.S. Census, half of all renters, and 83 percent of renters with incomes under $20,000, paid more than 30 percent of their incomes in rent in 2011. One commonly-proposed policy solution to declining rent affordability is the construction and preservation of low-income housing. But this will only ameliorate the situation temporarily.
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Rental Affordability Crisis, Issue Brief, Todd Sinai, Professor of Real Estate, and Business Economics and Public Policy
Sinai, Todd, "The Rental Affordability Crisis" (2014). Wharton Public Policy Initiative Issue Briefs. 14.