scorecard
  1. Home
  2. strategy
  3. Rents in cities across the US are more expensive than ever before. Here are 5 drastic measures people are taking to avoid rising housing costs.

Rents in cities across the US are more expensive than ever before. Here are 5 drastic measures people are taking to avoid rising housing costs.

Rents in cities across the US are more expensive than ever before. Here are 5 drastic measures people are taking to avoid rising housing costs.

people living in their car

The Washington Post/Getty Images

People are sleeping cars because they can't afford rent.

  • $4 in America's biggest cities are $4 for many residents.
  • It can take up to 10 years to save for a median-priced home in some places - which can be hard to do when the median US $4 is $1,700.
  • People are $4, turning vans into homes, and $4 to avoid rising housing costs.
  • $4.

$4 in America's biggest cities is sky-high.

The current median US rent is $4 - nearly triple the $4, adjusted for inflation.

Rent is particularly a problem for the $4, who needs to $4 saving enough cash for a 20% down payment on a median-priced home in one of the 25 largest US cities, according to $4. That's assuming they're a median earner saving 20% of their annual income for the down payment.

Even those who can afford to buy a house may not be able to get much for their money in a place like $4 or $4, where the median home value is $1.3 million.

From insufferable commutes to living in vehicles, here are the drastic measures Americans are taking due to a lack of affordable housing.

READ MORE ARTICLES ON



Popular Right Now



Advertisement