Without government action, we are on a path toward further housing insecurity and income inequality.
In the United States, the struggle to find affordable housing is a pervasive crisis, with millions of low-income individuals and families feeling the weight of rising rent prices. Nearly 20 million Americans who rent—almost half of all renters—are now burdened by housing costs, many for the first time ever. Between 1999 and 2023, the U.S. saw income growth of 76.8%. Americans have seen rent growth, however, of nearly 135% during that period.
The economic and social costs of homelessness far outweigh the potential downsides of well-regulated rent control measures. Moreover, without rent control, low-income individuals and families are left at the mercy of the rental market’s unpredictability. Landlords can raise rents with little restraint, forcing tenants to make impossible choices between paying rent, putting food on the table, or accessing healthcare and education.
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