America’s housing market is competitive, unequal, and often just getting by. Just like us.

The American housing market mirrors our society, the decisions we make, and the problems they leave us with, according to a report out Tuesday.

More higher-income people are renting – the Harvard researchers say there were 311,000 more tenant households earning more than $75,000 in 2018 than the year before. That’s great for developers and landlords, but not so hot for households that need lower-cost rents. But the burden is falling disproportionately on the poor: nearly three-quarters of renters with incomes of $15,000 or less are spending more than half their income on housing.When rent is too high, it keeps younger people from becoming independent. Only 31% of 25-29-year-olds in the highest-cost metro areas formed their own households, compared to 41% in the lowest-cost areas.

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