NYT: In Many Cities, Rent Is Rising Out of Reach of Middle Class

[OverVolt]

The reason this happened is because of the housing crisis a few years ago. It caused house construction and rental construction to grind to a halt. This has produced a deficit now. Business analysts were already predicting back then that this would be happening now so it is no surprise.

What about all the foreclosures stalled indefinitely off the market?

How is this efficient at all. Empty unsold houses no one qualifies to buy anymore and rents skyrocketing for apartments.