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Nearly one third of American renters cannot afford operating costs, Jay Parsons notes

Nearly one third of American renters cannot afford operating costs, Jay Parsons notes
American renters face high operating costs

Jay Parsons raises concerns about the financial burden facing American renters. Nearly one third of renters in the U.S. are unable to cover the operating costs for a typical rental, according to Parsons.

He points out that high operating costs, especially property taxes, are a significant challenge for both renters and landlords.

Parsons has previously questioned the accuracy of U.S. Census building permit figures, noting that about 25% are estimated and casting doubt on the reported increase in multifamily permits in his recent coverage. He also reported on the merger creating Vivmark Residential, now the largest apartment REIT with 184,000 units, from AvalonBay and Equity Residential in a prior article. These earlier reports highlight Parsons’ ongoing focus on housing sector data and rental market developments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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