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May 09, 2008

Richard Florida

Rent Crisis

« Why Do So Few Women Work in New York ... ? | Main | Google Speak »

According to this new study by the Harvard's Center for Housing Studies, the US housing crisis and mortgage market meltdown is having serious impact on rental housing as well (pointer via Planetizen).

The current mortgage turmoil reaches deep into rental markets.  New research on rental housing market dynamics from Harvard University’s Joint Center for Housing Studies finds that the current housing debacle not only adds to the number of households competing for low-cost rentals but also threatens renters living in foreclosed properties with sudden eviction. 

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