Hell, yes, the rent is too damn high, higher than ever in fact. The reasons why are myriad: a shortage of rental properties, millions of families de-homed in the financial crash, and lending restrictions that have been tightened up in the process of financial recovery. The building sector is still recovering from the crash as well, so new housing hasn’t been added at the same pace as before the Great Recession. Meanwhile, family income, when adjusted for inflation is below what it was in 1989.
via Memo to Funders: Fight Exclusionary Zoning to Make Headway Against Inequality – Inside Philanthropy: Fundraising Intelligence – Inside Philanthropy.