Study: 26 percent of renters spend over half their income on housing

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From Dina ElBoghdady at the WaPo: Affordable rental housing scarce in U.S., study finds

The share of renters who spend more than half their income on housing is at its highest level in half a century and it’s no longer just low-income tenants who are feeling the pain, according to a Harvard University study scheduled for release Tuesday.

About 26 percent of renters — or 10.1 million people — spent more than half their pre-tax household income on rent and utilities in 2009.
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Developers cut back on such projects when the economy deteriorated in 2009, which drove down vacancies and boosted rents.
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In many areas, the demand is driven by families who lost their homes to foreclosure … [and] as the job market recovers, more newly employed young adults appear to be seeking their own apartments instead of living with

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