Rent affordability: 11 million Americans spend half their income on rent – Jun. 22, 2016 » Mortgage Masters Group

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Rent affordability: 11 million Americans spend half their income on rent – Jun. 22, 2016 Mortgage Masters Group 13354 LONG CYPRESS TRAIL, JACKSONVILLE, FL 32223 PSL – Calendars For City Events and Public Meetings Mortgage Masters Group

Americans Believe Real Estate is Best Long-Term Investment Mortgage Masters Group  · Another good online tool for calculating where it is better to rent or buy a house can be found here. Over the weekend, a new Gallup poll was released showing that a majority of high-income Americans believe real estate is the best long-term investment.

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It’s getting harder for more Americans to make rent each month. It’s getting harder for more Americans to make rent each month. Source: Rent affordability: 11 million Americans spend half their income on rent – Jun. 22, 2016

The percentage of cost-burdened renters, those paying more than 30% of their income for rent, grew from 40% in 2001 to 46% in 2007. 20 Since then, this increased to 50%, before reducing somewhat.

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Compared to their wealth and capital gains, their spending is almost too small to be noticed. For most Americans, savings are closer to 0-2% of their income while for the richest the saving rate is as high as 60%. Not only are the rich holding sizeable wealth but they save more of their income too. Q.

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