Economic Slowdown affects Renters too
Recently NPR’s Marketplace Money ran a segment highlighting the effects of the economic slowdown on the apartment dwellers of America. Increasingly we are seeing that apartment renters are also being squeezed by the recession.
TEXT OF STORY
Tess Vigeland: Of the many concerns that arise when you lose your job, keeping a roof over your head is primary. We’ve talked a lot about what a struggle that’s been for homeowners, folks who can no longer make the mortgage. But more than 36 million people rent and that number is growing as homeowners go into foreclosure and become renters.
A housing payment is a housing payment, whether it’s a mortgage or a rent check, and renters face tough questions as they decide whether in this economy they can still afford the place they call home.
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