Rent Prices Soar 150% And Trigger Perfect Storm For Evictions

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Epic Economist

557K subscribers

35,094 views Apr 26, 2023

A perfect storm for evictions is forming all around us. A new report reveals that rents are rising four times faster than incomes in the United States. In recent years, the rate of rent price growth has tripled, making housing increasingly unaffordable for millions of Americans. For some households, it now takes more than three full-time workers to afford the typical two-bedroom rental. Researchers found that in many areas, rent prices shot up over 200%, and are likely to continue to rise in 2023. This means that many struggling U.S. families are about to lose their homes as they fall behind payments, and evictions start to pile up all across the country. That’s what we’re going to break to you in today’s video. More: https://youtu.be/VGqK7tD1PO0

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