6 years ago
2
In expensive cities, rents fall for the rich — but rise for the poor
A boom in construction for the high end of the market comes as prices continue to rise for the poorest.
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The federal government has largely abdicated its role to help provide housing for those who can least afford it. And what market-based incentives were in place have been largely neutered by the new tax law.
This is based on Zillow data, which may not be an accurate reflection of the overall housing market.