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Gap between wages and rents continues to grow
Greetings,
Gap between wages and rents continues to grow
by Sober Look
Here is a quick follow-up to the discussion on the looming rental crisis in the US. The gap in growth rates of rental costs vs. wages continues to widen. This divergence is creating a drag on the GDP growth by suppressing household formation, consumer spending, and labor mobility. Over time this trend will also increase homelessness.
Read more at http://investmentwatchblog.com/gap-between-wages-and-rents-continues-to-grow/#K9eJTd1C3Gtuq5PO.99
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