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JCHS: New paper details the dramatic decline of low-cost rentals

Housing affordability has been a growing concern across the US over the past three decades. Indeed, between 1990 and 2017, the number of units renting for under $600 inflation-adjusted per month (the maximum affordable rent for a household earning $24,000 per year) dropped by nearly 4.0 million. The drop brought down the share of low-cost units at this rent level from fully 46 percent of the rental stock in 1990 to just 25 percent by 2017. 




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