patrick.net

I heard that this forum used to be about the housing bubble, so in that spirit...

http://www.pbs.org/newshour/bb/why-a-severe-housing-shortage-means-reduced-wages-for-workers/

A new study out finds more than 40 million households are spending a third of their income on rent. And the housing shortage in cities like New York, Washington and San Francisco may be costing more than 100 million American workers thousands of dollars in lost wages.

Turns out that high houses and rents are really bad for the economy, crime, and safety.

#housing #economics