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Housing costs rise as investors push rents higher
The piece surveys how aging baby boomers turning houses into rental properties can drive up mortgage and rent costs, shrinking ownership access for low income households. It discusses rent control as a tool, its mixed effects, and alternative strategies like boosting housing supply, tax incentives, nonprofit housing, zoning reform, and Community Land Trusts to expand affordable options.
MENTIONED IN THIS ARTICLE
Andino
Andrew
Federal Reserve Bank of St. Louis
Sugrue Walter
U.S. Housing and Urban Development Department