The housing boom, but for renters
05.10.2021 - By Recode Daily
America’s high-flying housing market might mean you’ll be renting forever — or, at least, for quite some time. Housing prices have soared during the pandemic as people have rushed to buy homes to escape cities and secure space for themselves and their families. Big companies have scooped up houses as well, sometimes outcompeting would-be homebuyers. As a result, more people may be pushed toward rentals because they can’t find or afford houses to buy. Recode’s Rani Molla explains whether the housing boom is turning America into a nation of renters.
Read Rani’s story on how soaring home prices are pushing people into the rental market here.
Find Vox’s explainer about North America’s lumber mania here.
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