Everybody gonna have to move back to they mama's house
Gonna live in that room over the garage…
9/15/2003
FORGET ABOUT the American dream of homeownership: Even renting has become a nightmare, especially for low-wage earners. One out of three households in the United States can't afford to rent a two-bedroom apartment, a new study shows. At the same time, another concludes that 108,000 low-income families with housing vouchers through Section 8, the federal rent subsidy program, would lose them under legislation moving through Congress. Both reports highlight the urgent need for federal, state, and local officials to find incentives to create more affordable housing as well as jobs that pay enough to keep pace with sharply rising housing costs.Last week the National Low Income Housing Coalition, a Washington-based advocacy group, issued a report that found that in 40 states and Puerto Rico, renters need to earn more than two times the prevailing minimum wage to afford a basic apartment. In the 10 most expensive states -- led by Massachusetts -- and in the District of Columbia, they must earn more than three times the minimum wage.
