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With mortgage rates higher than they have been in years, more high-income earners are opting to rent rather than buy.The decision is causing a major problem for middle and low-income renters who are consistently finding it harder to find a place within their budget.RentCafe analyzed U.S. Census Bureau data and found in San Francisco, households making more than $150,000 a year made up more than a third of the rental market. The city has some of the highest prices in the country, but places like Seattle, Washington, D.C., Chicago and Houston have all seen their share of high-income renters increase recently. I think there are two broad explanations for [the rise in high-income renters], said Whitney Airgood-Obrycki, a senior research as [url=https://www.stanley-quencher.uk]water bottle stanley[/url] sociate at the Joint Center for Housing Studies at Harvard University. The first is that households are facing so many constraints that theyre not able to access homeownership. And then the second is theres actually some shifting in preferences and so theyre choosing to remain renters. Airgood-Obrycki believes high interest rates for mortgages, student loan debt and the decreasing number of starter homes are a few reasons why high-income earners are choosing to rent right now.The student loan debt, specifically, has prolonged the ability to save for a home, even for those with a six-figure salary. Theres just not inventory to buy, said Airgood-Obrycki. At [url=https://www.stanley-cups.co.uk]stanley cup[/url] the same time, were [url=https://www.stanley-cups.es]stanley cups[/url] also building fewer starter homes for entry-level. They used to be Knbq Two suspects in Fox Valley mail and identity thefts arrested, 500 pieces of mail recovered
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