Article: In many cities, rent grows out of reach
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
- Brie Schmidt
- Podcast Guest on Show #132
Second City Real Estate
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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.