Housing 'Affordability'? It's Relative to Working Households

This Article is taken from Realty Times and is written by Broderick Perkins

Don't talk about housing "affordability" to more than a quarter of America's working stiffs.

Sure, home prices remain well off housing boom peak prices, and are relatively affordable.

Certainly, you can purchase distressed properties in many locations for a song. Bargains abound.

However, if you can barely afford to cost of your current housing, big whoop.

More than 26 percent of working renters spend more than half of their household take-home pay on housing - and those costs are rising.

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