Sunday, February 02, 2020
Kansas City Housing Crisis Confirmed
This economic update offers info and data that housing phenomena in KCMO is part of a national trend that doesn't bode well for the working class . . . Checkit:
Bloomberg: The U.S. Housing Crisis Is Making Its Way to the Heartland
Money line . . .
"Housing costs are slipping out of reach for the middle class in smaller and medium-size cities across the U.S., the latest sign that the affordability crisis that started on the coasts is moving inland, according to research released on Friday by the Harvard Joint Center for Housing Studies.
"From 2011 to 2018, the proportion of households making $30,000 to $45,000 a year that were “cost-burdened” -- paying more than 30% of their income on rent -- soared the most in metros . . ."
Developing . . .