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You're probably aware that housing prices have become astronomically high recently!
In fact, the median price for single-family homes has risen above $400,000 for the first time ever!
This means that fewer and fewer people can afford to buy a home, and therefore, I say the real housing crisis is starting to show up for renters. Because it's not like it was 13, or 14 years ago when there were empty houses everywhere.
Now, people are moving away from buying homes and are looking to rent instead. Which is pushing renters’ budgets to a breaking point across the nation.
Timecodes
0:00 Video Overview
0:48 Intro
0:56 Renters Cost of Living Rapidly Increasing
2:30 The Supply of Houses Isn't Enough
4:20 Chances of Home Ownership Are Slipping Away
6:20 Outro
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#housingcrisis #rentinghomes #inflation
