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Market-rate renters keeping up with rising rents in US: study

They are thus able to put some money away for that eventual first purchase

For the bottom tier of rental units, the median renter is spending more than 30 per cent of his or her income on rent.

New York

A POPULAR narrative of the US housing market has been that big city prices are locking out young buyers, feeding a cycle in which a growing number of people are forced to rent at ever higher rates as demand overwhelms supply. Throw in the fact that wages haven't kept pace, and