In nearly every community in the United States, home ownership is simply not affordable for the vast majority of people. As ownership rates have dropped to their lowest levels since the 1960's, a growing proportion of the population has been thrown into the rental market.
Renting today is its own challenge, highlighted by the fact that over 50% of all renter households are in the "unaffordable" category, based on the proportion of income required for rent. There are many reasons why our current market-based housing is failing both tenants and property management -- which we'll share in a series of articles over the next few months. Our mission is to overcome these failings and introduce balance to the rental market's renters and suppliers.