The Number of Families Paying Over Half Their Monthly Earnings Has Doubled »

Posted By altnrg 1 year ago in News

ARVADA, CO - APRIL 02: Kim DeNeir (L) cries on the phone while Arvada city worker Don Richmond posts a sign that marks her apartment as condemned and illegal for habitation April 2, 2008 in Arvada, Colorado. The DeNeirs are being forced to move from the rental apartment where they have lived for 20 years, as it has been condemned by the city for sewer and rodent problems. The owners of the complex are blaming the sub-prime mortgage meltdown for the reduction in maintenance and unpaid bills that led to the property being condemned. The Denver metropolitan area has been hard-hit by the housing downturn, with officials estimating that as many as 11,000 properties might go into foreclosure this year. (Photo by Chris Hondros/Getty Images)

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The number of U.S. families paying over half their monthly earnings for home rentals has increased from one million to over two million since 1997, according to the Center for Housing Policy.

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