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Trump’s Housing Hypocrisy

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“The United States faces a severe housing crisis. Nearly 19 million households spend more than half of their incomes on housing costs—leaving little for food, clothing, health care, and other necessities, and putting those families at risk of becoming homeless. Housing has become increasingly unaffordable, not only to the poor, but also to many middle-class households. Almost all the new rental housing built in the past decade has consisted of high-end units. In 2015, the median rent of newly constructed units was $1,381—about half the median renter’s monthly income. From 2001 to 2014, the number of households paying more than half of their income for housing jumped from 7.5 million to 11.4 million—an all-time high. More than one in four renters now spend over half their incomes on rent.”

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