U.S. landlords are getting a bigger share of the economic pie than they ever have before, according to new government data.
Since the Great Recession in 2008, a disproportionate share of the benefits of the recovery have gone to the most wealthy. And, as would-be home owners are pushed out of the housing market, there are more people competing for rental housing, pushing rental income up in gross terms, but also as a percentage of the gross domestic product. "Rental income as a share of gross domestic product hit an all-time high of 3.86% in the first quarter, according to government data out Friday," reports Andrea Riquier in Market Watch.
"During the downturn, Americans cohabited by necessity, and as baby boomers retire, many are opting to form multi-generational households with their children," Riquier writes. As these people look for homes of their own, they're more likely to rent and see high rents when they're in the market.
FULL STORY: Rental income just hit an all-time high. Here’s how that drives a wedge between ‘haves’ and ‘have-nots’
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Landlords can no longer tack on thousands of dollars in fees to new tenants to pay brokers who show rental units.
California Law Limits Security Deposits for Renters
Starting this month, landlords can no longer charge multiple months’ rent for security deposits.
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‘Complete Streets’ Webpage Deleted in Federal Purge
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San Francisco Slow Streets Bucks Citywide Trend, Reducing Injuries by 61 Percent
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How Single-Family Conversions Benefit Both Homeowners and Cities
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Report: Transportation Equity Requires More Than Electrification
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Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Economic & Planning Systems, Inc.
UCLA Lewis Center for Regional Policy Studies
Mpact (formerly Rail~Volution)
Chaddick Institute at DePaul University
City of Piedmont, CA
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research