Housing is now unaffordable for a record half of all U.S. renters, study finds
A new Harvard analysis finds people across income levels got squeezed by rent hikes during the pandemic. The market has lost millions of low-rent places, and new construction is mostly high-end.
Over the past two years, Genuine Campbell was shocked at how rent for her two-bedroom apartment in Philadelphia just kept going up — from $1,300 a month to $1,600. She's a single mom of four, and right as her rent was rising, her hours as a hotel valet were getting cut.
Add in utility costs plus inflation, and every month brought a wrenching decision.
"Do you want to pay the bills and then give half the rent, or do you want to
