Jon Talton at the Seattle Times shares his take on the housing affordability challenge with MHProNews that could be summed up with this quote:
“In other words, housing is less affordable because most American workers are making less.”
Talton notes that some areas on the West Coast have “crazy high housing cost” but also points out that “Places with “cheap” rents and mortgages also pay poorly.”
While the second statement may be exaggerated to make his case, with Texas as an example of a blend of job and wage growth with more affordable housing than some other regions of the U.S..
Nevertheless, the points Talton makes are important. The reality of declining earnings and increasing demand for rentals, as manufactured and modular housing professionals and enthusiasts know, are precisely what opens the door for potential opportunities in numerous American markets. ##
