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Rents Are High All Over

Posted by: Christian Peralta Madera

24 October 2006 - 2:00pm

With rapid population growth and lopsided housing development favoring large single family homes, lower-income households in one corner of Middle America are facing housing challenges similar to those in New York and Los Angeles.

"New census data shows that people are paying more of their income for housing in almost every part of the country. And it is hardly surprising that places like Southern California and Manhattan are high on the list.

But Olathe? In northeast Kansas?

Olathe (pronounced oh-LAY-thuh), 20 miles southwest of Kansas City, showed the biggest jump in the percentage of people paying at least 30 percent of their income on rent, as well as in those paying at least 50 percent on rent."

Full Story: Rent’s Bite Is Big in Kansas, Too
Source: The New York Times, October 23, 2006
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The increasing size and affluence of North America's multicultural community also defines the biggest growth segment for homebuilders and remodelers.
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