Washington Examiner - The rental crisis afflicting the U.S. will only become more acute in the years ahead, and the number of households paying more than 50 percent of their income to rent is expected to grow 11 percent by 2025, according to a new study.
Today, 11.8 million households spend more than half their income on rent, but that number will increase to 13.1 million over the next decade even as the housing crisis abates, Harvard University's Joint Center for Housing Studies and Enterprise Community Partners found.
Demographic changes will drive the strains on housing. In particular, larger numbers of lower-earning minority families seeking housing will turn to a limited supply of rental units, as will millions of seniors with fixed incomes.
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Turing Pharmaceuticals acquired the rights to Daraprim in August. The price gouging now in place for the 60 year old "inexpensive" pill is the same market ethos driving rental housing prices up. The moral imperative to provide service does not drive our world, and least of all community life in the United States. Enough complaining about "greed", folks! Let's grab that money udder out of the mouths of entrepreneurs and speculators, and put it to service nourishing the human world in our communities. The "milk of human kindness", as I'm sure Pope Francis would affirm, should be the only commodity, with a price tag of $0.
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