Thursday, November 09, 2017

TKC EXCLUSIVE FACT CHECK: RATE OF KANSAS CITY 'COST-BURDENED RENTERS' REACHES ALL TIME HIGH!!!



Affordability has always been a selling point for Kansas City but now a spate of luxury development without salary increases offered by local employers has driven up housing costs to levels that are unsustainable for most local workers.

Our reporting partners research reveals . . . "Nearly half of U.S. renters are “cost burdened,” spending 30 percent or more of their income on rent. A staggering one-quarter of renters are "severely cost-burdened," spending 50 percent or more of their income on rent. The share of cost-burdened renters has doubled since 1960 when just 24 percent of renters were cost burdened."

"19.5% of Kansas City renters were severely cost-burdened in 2016, spending 50% of more of their income on rent."

Read more on this national implications of this study.

Developing . . .

13 Comments:

Anonymous said...

As a longtime KC homeowner/taxpayer I'm also severely cost-burdened by having to pay for TIF'd tax free housing for renters.

Anonymous said...

Raising the price of rent keeps out the riff raff and leaves only the preferred well to do.

Anonymous said...

Why are people renting for more then they can afford?

Anonymous said...

Rent control, Slie ?

Anonymous said...

^^^^ Actually, that petition is out there. They want to make it a crime for landlords to turn a profit.

Byron Funkhouser said...

Nobody hates poor people quite like Missouri.

Oppression leads to revolution.

Every body talks about the poor muddle class & how angry the white man is about his lot in life, but just consider that the poor are even more angry than you.

If you sow hatred & class snobbery, then you will reap the whirlwind.

Anonymous said...

And Missouri hates assholes like you Funky Shit

Anonymous said...

Anybody who signs a lease commiting to pay more than half his income in rent isn't "cost-burdened," he's idiocy-burdened.

I'm guessing Funkhater's rent is 100 percent of income,and he lives on gubmint cheese.

Anonymous said...

One way to avoid being rent burdened is too get a better paying job and quit blaming your circumstances on other people.

Anonymous said...

So does KS

Anonymous said...

Funkyidiot is living off the government so he doesn’t care what his 9th floor condo is costing, same goes for the steaks he’s eating that comes from our taxes he collects through welfare

Anonymous said...

Sounds to me like these young millennials just need to pull themselves up by thier bootstraps and knuckle down.

Sure I'm a pants-shitting old geezer now, but I easily bought a house back in the 1950s on my factory wages, and surely things haven't changed that much.

Anonymous said...

But, but, but I want all CHAMPAGNE riches on a BEER budget ...I hate my stupid Student Loans that Bernie woulda wiped away...I gotta play on my thousand dollar phone, get my daily $5 dollar cuppa, keep my credit cards maxed, and do annual nice vacation getaways OR I'd feeeeeel so saaaaaad and poooooor.