Finding an affordable place to live in the U.S. can feel pretty impossible whether you’re a renter or a buyer.

To begin with, there’s a massive shortage of homes — somewhere between 4 and 7 million. And those who are able to find homes are spending a much bigger chunk of their paycheck than in recent years.

Natalie French was renting an apartment with a roommate in Albuquerque, New Mexico, when they received a notice that their rent was going up by more than 200 dollars a month. With the added pet fees, they were put out of their price range.

To continue reading the rest of the article, please click on the source link below:

https://www.opb.org/article/2024/04/24/housing-shortage-us-high-rent/

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