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Forum Post: A Record Number Of Americans Can’t Afford Their Rent

Posted 8 months ago on Dec. 12, 2013, 7:34 a.m. EST by GirlFriday (17435)
This content is user submitted and not an official statement

Paying more than 30 percent of your income on rent is what experts call unaffordable. Yet the number of people who fall into that group has reached record numbers, according to a new report from the Joint Center for Housing Studies of Harvard University.

The share of renters who pay more than 30 percent of what they make on housing, or what the study labels “cost-burdened,” rose 12 percentage points last decade, reaching 50 percent in 2010. That includes 27 percent who face a “severe burden,” or in other words, pay more than half of their income on rent, a figure that rose 8 percentage points. Initial estimates show that there were a record 21.1 million renters who were cost-burdened in 2012.

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27 Comments

27 Comments


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[-] 3 points by Builder (4202) 8 months ago

Ironic that despite claims we are the apex predators on this planet, we are the only living creatures who have to pay to stay here.

[-] 2 points by DebtNEUTRALITYpetition (631) 8 months ago

There is one advantage. When we do certain things, like eat or wash up, or sleep, we can at least believe, (even if not true), that we are safe.

If you've ever watched a bird try and eat a piece of fruit, they just don't relax, constantly bobbing their heads looking to see what is coming after them and their food. Worms must really be a delicacy however, they can take that back to their pad and perhaps relax a bit more, not so for the worm, who was just minding its own business.

[-] 2 points by DKAtoday (28461) from Coon Rapids, MN 8 months ago

Cartoon: Income inequality in six panels by RubenBolling

[-] 2 points by DKAtoday (28461) from Coon Rapids, MN 8 months ago

Are we due for a rent bubble burst? Makes sense as rents go up every year but pay does not.

[-] 2 points by DebtNEUTRALITYpetition (631) 8 months ago

Unfortunately, some freakishly rich investment conglomerates are buying up foreclosed homes so they can rent them. So now instead of new home buying versus condo buying or apartment renting, there will be house rentals on the market as well. Not sure how that affects the status quo other than raising the price of housing in which the home dweller gets no interest rate deduction for their taxes.

Oh yes, and probably home rental securitization schemes are on the horizon as well.

[-] 1 points by DKAtoday (28461) from Coon Rapids, MN 8 months ago

Not sure how that affects the status quo other than raising the price of housing in which the home dweller gets no interest rate deduction for their taxes.

It further solidifies corp(se)oRATe control of the population.

[-] 1 points by DebtNEUTRALITYpetition (631) 8 months ago

All we are is, just another brick in the wall.

[-] 2 points by DKAtoday (28461) from Coon Rapids, MN 8 months ago

How can you have any pudding if ya don't eat Ur meat...... ya can't have any pudding unless ya eat Ur meat...............

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[-] 1 points by GirlFriday (17435) 8 months ago

Rent control.

[-] 2 points by Nevada1 (4531) 8 months ago

"Rent Control" needed more than ever, now that corporations are selling Rent Based Financial Products.

[-] 4 points by DKAtoday (28461) from Coon Rapids, MN 8 months ago

The following is an emblematic representation of the cause of all of the ills of society:

Teen kills four; Judge literally lets him off because he’s rich by SemDem

[-] 1 points by Nevada1 (4531) 8 months ago

The Ultimate Entitlement----Accepted by the System.

[-] 2 points by DKAtoday (28461) from Coon Rapids, MN 8 months ago

Bribed into the system.

[-] 0 points by shoozTroll (17632) 8 months ago

They had to invent a term of bamboozlement.

"Affluenza."

Which somehow equals.

"entitlement". ( Isn't that the main complaint painted on the poor?)

In this case, an entitlement to.

Impunity.

In case you missed it. Here's the Occupy description.

http://occupywallst.org/forum/what-impunity-means/

[-] 2 points by DKAtoday (28461) from Coon Rapids, MN 8 months ago

Well with affluenza the world need not worry about a pandemic - the wealthy are fighting to make sure it is a rare ailment = THEIRS.

[-] 0 points by shoozTroll (17632) 8 months ago

I think I have an immunity to affluenza.............................:)

[-] 2 points by DKAtoday (28461) from Coon Rapids, MN 8 months ago

It is all tied in to the same problem = GREED. Greed and no proper regulation of business. This goes for rent as well as for any purchase whether that purchase is for shelter or transportation or for heat or for electricity or for communications etc etc etc etc. The greedy have pushed many out of the marketplace as they have raised prices beyond many's means - and this process continues to push people out of the middle class and into poverty. Soon the Greedy will be the only ones able to rent or make a purchase.

[-] 2 points by Nevada1 (4531) 8 months ago

Well said. Greed has established this Ultimate Slumlord thing.

[-] 2 points by DKAtoday (28461) from Coon Rapids, MN 8 months ago

But ya gotta figure that they are insane ( which they are ) as their bullshit is gonna end up with them losing everything as society/economy/environment crumbles.

[-] 2 points by Builder (4202) 8 months ago

Actually, classism is more the cause than simply greed.

There's this psychotic mindset that classists use to justify even the most insidious despotism they inflict upon others.

These people are truly mentally disturbed.

Equally disturbed are those who worship them unquestionably. Those who turn out in huge numbers to watch a parade of royals, or a pageant of "red-carpet" walkers, for examples.

[-] 4 points by DKAtoday (28461) from Coon Rapids, MN 8 months ago

It would be GR8 if the powers that be - royals or just the disgusting wealthy - had a parade and no-one came.

[-] 3 points by Builder (4202) 8 months ago

The only people who turn up for the red carpet "do's" are the papparazzi, and they are only there because the corporate-owned media pays them so well for their photos.

Seems like a ridiculously tight circle jerk, to my mind. :-)

[-] 1 points by Builder (4202) 8 months ago

I read about that ridiculous creation.

I guess when the criminals are writing their own laws and regulations, that's the kind of inanity that they come up with.

[-] 1 points by MattLHolck (16833) from San Diego, CA 8 months ago

everybosy's going serfin

serfin USA

[-] 0 points by shoozTroll (17632) 8 months ago

Record number in the UK too.

http://www.occupy.com/article/rushton-poverty-britain

Ain't libe(R)topia a wonderful Worldwide, kind of thing?

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[-] 0 points by GirlFriday (17435) 8 months ago

I know, right? I have a good friend that has been fighting their bullshit for the last couple of years.

[-] 0 points by shoozTroll (17632) 8 months ago

Follow the links to see how it's being applied in Africa.

http://occupywallst.org/forum/economic-colonialism/

It's simply astounding

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