As Wealth Powers the Shift: Rising Housing Costs Push High-Income Americans Toward Renting in Major US Cities
As housing prices continue to soar, more high-income Americans are choosing to rent instead of buy, with some cities seeing a significant shift in “rich renters.” A new report revealed that cities like Seattle, San Francisco, and New York now have the highest percentages of renters earning over $150,000 annually. This trend is largely fueled…