Actually, somebody working a 40-hour 7 days about the federal $seven.twenty five bare minimum wage can’t pay for to hire a “modest” two-mattress apartment in any point out from the country, based on the report. And renters would want to make over 3 times the least wage to afford to pay for a two-Bed room condominium.
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“There are lots of elements contributing to The existing affordable housing disaster,” Yentel stated. “But The only rationalization is the fact wages will not be trying to keep pace with fast climbing rental housing charges.