Americans fear another housing bubble
For many Americans, the housing crisis is a distant memory; for others, the fear of another bubble looming almost after a decade from the great recession is a cause for concern.
Low- and middle-income families across America are facing major difficulties in finding homes they can afford and staying in. Over the last decade, the increase in rent costs has been double the wages.
In big renter cities like New York, many are being “priced out,” but for homeowners across the country the outlook is also grim, as many can’t afford to pay their mortgage due to a sluggish economy. Is another housing bubble unfolding and what needs to be done?
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