Users can access detailed residential property data (updated nightly) on over 134 million households in over 2,351 counties – representing 94% of the U.S. population and growing.

While it appears as if renting would benefit greatly from the trend, there's also the possibility that household formation is also dipping - people aren't moving out of mom and dad's house period, whether into a rental or their own home.

It, downtown Vancouver, and, to a lesser extent, Calgary stand ready to bring the most harm to homeowners ... housing prices in parts of Vancouver are over 11 times household income.I do disagree with you on the 30 year fixed rate mortgage.  

If I allow a tenant to rent at $100 below market rent I’m essentially giving away $100 from my family, from my household, to a stranger.

Given the average household size of 2.5 persons, a total of 6.9 million new housing units would be needed to accommodate the country’s rising population.

I am a 17 year old with (obviously) no experience in real estate, I was wondering how I could go about renting one house to multiple people. would I have to make one person the head of household, or could I simply collect rent from each person individually?  

Other friends who had less growing up would strive for something better or copy their household's example. 

This guesstimate is added to your requested rent to determine the entire household budget.  

She politely declined, referring to a teenage boy in the household who she didn't want to get exposed to this issue.

@Alex SilangHere are numbers for you to consider.There are 9.63M millionaires in the U.S.There are 7.9M households in the U.S. with a net worth between $1M - $5M.There are 1,140,000 households in the U.S. with a networth more than $5M.There are only 350,000 households in the U.S. with a networth of $10MThere are 77,500 households in the U.S. with a networth of $30M There are less 10,000 households in the U.S. with a networth of $100Mand there are approximately 400 households in the U.S. with a networth of $1 billion.If you are in your 40s, you need a networth of $6.8 million to be in the top 1% of wealth and in your 60s you need a networth of $10 million.You have to have to be exceptional to reach $10M, but you have to unbelievably exceptional to reach $100M whether you build a company that is a game changer in the industry (Amazon, Google, Oracle, Facebook etc), exceptional investor in the equities market (Buffet / Jim Rogers / George Soros), exceptional real estate investor developing in the path of progress (Donald Bren).