The availability of affordable entry-level rental units, crucial for young adults to start saving and build credit, has significantly declined in the U.S. Historically, these 'starter rentals' included single-room occupancy units and boarding houses, but many have been demolished or converted. The loss of these affordable options creates a household formation bottleneck, making the entire climb towards financial independence and homeownership much harder for new generations.
Read the full article at Realtor.com Blog
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Ali NematiWritten by Ali
