The Rise of Wealthy Renters: How High Housing Costs Are Shaping Urban Housing Markets Across the U.S.
As housing prices continue to climb across the United States, more affluent individuals are choosing to rent instead of purchase homes, particularly in major cities. Recent data reveals that cities such as San Francisco, New York, and Washington, D.C., now have some of the highest percentages of wealthy renters—defined as households earning $150,000 or more…