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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

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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...

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