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A vast majority of Americans today cannot cope with the rent a house. Prices are getting higher and higher and a good part of this problem has to do fundamentally with the game of supply and demand. Millions of citizens lost their homes throughout the mortgage crisis, for which they were forced to venture fully into the rental market. In 2004, the 31% of Americans lived for rent. Today the figure is 35%.
Apparently, the more people have entered the rental market, the more prices have risen, since the number of homes has not grown to meet this enormous demand. Along with the mortgage crisis, the financial collapse and the recession brought with them an increase in unemployment and, therefore, a fall in income. A good portion of those millions of Americans saw them and wished they could afford a rent.
As if all of this weren't enough, Republicans have cut spending even more on federal programs, including help to enter a house. Casi todos los programas de ayuda del gobierno han sufrido recortes de fondos en los últimos años, fundamentalmente los destinados a persons con menos recursos. En 2013, unas 125.000 familias perdieron alguna ayuda para el alquiler, cuando en años anteriores no había sido el caso.
It is not necessary to be very knowledgeable to understand that when you combine the shortage of rental housing with low incomes and the lack of government aid, we are left with a situation that has been classified in the United States as the biggest home rental crisis in history from the field. The proportion of households that spend more than a third of their income on rent has grown by 12% since 2000.
Today, half of Americans who live in rent pay more than 30% of their monthly income at home, while there is a 28% that pays more than half of their salary per month. Prices range from $ 1,956 in San Francisco to $ 700 in Lincoln, one of the cheapest cities in the United States. In Washington, as an example, they pay an average of $ 1,469 in rent, 1,454 in Boston, 1,440 in New Nork or 1,398 in Los Angeles.
The Obama administration It is focusing a good part of its efforts on alleviating this serious problem. So far, all the initiatives have not been enough to stop this crisis. To this day, millions of Americans still cannot even afford to rent a home.
