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Fournier Law Blog

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High Rents and Small Paycheck Increases Spark Latest HousingTrend—Roommates

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Rents are on the rise, but for many Americans, paychecks are not.  This stark reality has sparked more renters to seek roommates to help lighten the burden of increasing housing costs. According to a recent CNN Money article, more than 32 percent of Americans now live with someone other than their spouse or partner. That’s six percent more than in 2000. Young professionals aren’t the only group feeding this new trend. At least 42% of households in high-cost markets like New York, Los Angeles, Miami and Honolulu are comprised of working adults who are living with roommates.
Read the full story.

Image credit: extremeezine

 

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