{"id":6613,"date":"2014-06-27T13:37:04","date_gmt":"2014-06-27T13:37:04","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=6613"},"modified":"2014-06-27T13:37:04","modified_gmt":"2014-06-27T13:37:04","slug":"americans-squeezed-housing-costs","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/americans-squeezed-housing-costs\/","title":{"rendered":"More Americans Squeezed by Housing Costs"},"content":{"rendered":"

More Americans Squeezed by Housing Costs<\/h1>\n

 <\/p>\n

\"More<\/a>

More Americans Squeezed by Housing Costs. Image courtesy of renjith krishnan\/ FreeDigitalPhotos.net<\/p><\/div>\n

Housing costs remain near record highs, with more than 35 percent of Americans spending 30 percent or more of their incomes on rent or mortgage payments, according to a new study by Harvard University\u2019s Joint Center for Housing Studies. What\u2019s more, 50 percent of renters are considered \u201ccost-burdened,\u201d spending 30 percent of their incomes on housing expenses, while 28 percent are \u201cseverely\u201d cost-burdened, spending half of their incomes on housing.<\/p>\n

Economists often consider housing expenditures of more than 30 percent of a person\u2019s income as representing a financial burden.<\/p>\n

Households in California are devoting some of the largest portions of their budgets to housing expenses, the report found. About half of households in the metro Los Angeles area spend at least 30 percent of their income on rent or mortgage payments, the highest rate out of 381 metros measured<\/a>,\u00a0according to the report. In fact, one in four households in Los Angeles spend at least half of their income on housing.<\/p>\n

Rental costs and home prices have been growing faster than incomes in several pockets of the country, but the affordability crunch seems to be most evident in Southern California. The Harvard study found that seven of the 10 metros with the highest share of \u201ccost-burdened\u201d households were located in California, including Inland Empire, San Diego, and Ventura County.<\/p>\n

\u201cPretty much all other necessity spending is getting crowded out,\u201d Dan McCue, research manager at the Harvard Joint Center for Housing Studies, told the Los Angeles Times. \u201cFood, clothing, healthcare, you name it. There\u2019s just less to go around.\u201d<\/p>\n

Source: Harvard University\u2019s Joint Center for Housing Studies<\/a>\u00a0and \u201cHousing Costs Are a Greater Burden in LA Than Elsewhere<\/a>,\u201d The Los Angeles Times (June 25, 2014)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

More Americans Squeezed by Housing Costs   Housing costs remain near record highs, with more than 35 percent of Americans spending 30 percent or more of their incomes on rent or mortgage payments, according to a new study by Harvard University\u2019s Joint Center for Housing Studies. What\u2019s more, 50 percent of renters are considered \u201ccost-burdened,\u201d … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,7,6,10,9],"class_list":["post-6613","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-home-purchase","tag-home-sales","tag-homes-for-sale-in-delaware-county-pa","tag-tips","item-wrap"],"yoast_head":"\nMore Americans Squeezed by Housing Costs - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/americans-squeezed-housing-costs\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/americans-squeezed-housing-costs\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/americans-squeezed-housing-costs\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"More Americans Squeezed by Housing Costs\",\"datePublished\":\"2014-06-27T13:37:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/americans-squeezed-housing-costs\\\/\"},\"wordCount\":311,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/americans-squeezed-housing-costs\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/06\\\/ID-10073685.jpg\",\"keywords\":[\"Anthony DiDonato\",\"Home Purchase\",\"Home Sales\",\"Homes for Sale in Delaware County PA\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/americans-squeezed-housing-costs\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/americans-squeezed-housing-costs\\\/\",\"name\":\"More Americans Squeezed by Housing Costs - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/americans-squeezed-housing-costs\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/americans-squeezed-housing-costs\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/06\\\/ID-10073685.jpg\",\"datePublished\":\"2014-06-27T13:37:04+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/americans-squeezed-housing-costs\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/americans-squeezed-housing-costs\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/americans-squeezed-housing-costs\\\/#primaryimage\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/06\\\/ID-10073685.jpg\",\"contentUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/06\\\/ID-10073685.jpg\",\"width\":400,\"height\":266,\"caption\":\"More Americans Squeezed by Housing Costs. 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