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Brie Schmidt
  • Real Estate Broker
  • Chicago, IL
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Article: In many cities, rent grows out of reach

Brie Schmidt
  • Real Estate Broker
  • Chicago, IL
ModeratorPosted

An analysis for The New York Times by Zillow, the real estate website, found 90 cities where the median rent — not including utilities — was more than 30 percent of the median gross income.

http://finance.yahoo.com/news/many-cities-rent-grows-reach-184511143.html

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Second City Real Estate
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Jean Bolger
  • Aurora, CO
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Jean Bolger
  • Aurora, CO
Replied

This is disturbing, and it's one of the reasons I'm happier investing in an area with lower rents than in my home town. I want to provide decent housing at a decent price, not gouge people who have no other choice.

  • Jean Bolger
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