The Rise of the Rich Renter

The Great Recession has been reshaping America into a renter nation. And increasingly, highly paid, highly educated households are making room for themselves in it.

That’s according to a new reportby the NYU Furman Center, which examines rental housing trends between 2006 and 2015 in metros with more than a million residents. Here’s the upshot: rich households—those earning more than 120 percent of the metro median income—saw their renter share rise by 1.2 percent between 2012 and...

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