The Bipartisan Policy Center released an “infographic” arguing that there is an imminent shortage of rental housing. “Five to six million new renter households will form over the next ten years,” says the “graphic” (quotations used because it really isn’t that graphic), but a “slowdown in new construction . . . means rental market conditions are tight.”
Click to download the entire infographic.
The group buys into the notion that an increasing number of people want to rent rather than buy. Yet it is more likely that the sagging economy combined with housing prices that are still too high in many states are preventing people from buying even though they would prefer to do so.
