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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). Penn Wharton Public Policy Initiative. 14.