Palm Springs, Calif., has been a redoubt for snowbirds and show business royalty at least since the 1930s.
New housing crisis could result from renters being unable to afford to buy homes
Policymakers seem to be either oblivious or unwilling to do much about it
June 22, 2015
A new housing crisis may be looming due to too many families lacking the incomes or savings needed to buy homes. This may create a surge of renters and a shortage of affordable housing. Compounding the problem: Policy makers in Washington appear either unaware or unwilling to do much about it.
More like this
- Homeownership Rate Will Decline Further as Demographics Shift
- More first-time home buyers should be entering the market but aren’t
- Majority of renters say they prefer renting to home ownership
- Breaking Barriers to Affordable Housing
- Some experts fear that it’s too late for South Florida to mitigate sea level rise
Comments on: "New housing crisis could result from renters being unable to afford to buy homes"
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