Raising Inflation In Housing

The income level for average families to live an adequate yet modest standard living is important to economic statistics. While poverty threshold live a free economic distressed live due to welfare and medicare, the average native family struggles to make ends meet with how the government is ran. The living cost for a family of 2 adults and 2 kids ranges from $49,114 to $109,493 (as of 2015) depending on what part of the country you live. Housing alone is an expensive measurement, then there is also the cost of food, clothes, and necessities. Especially having more than 2 people to a family. Everyone wishes to have the perfect life and to be rich and careless, but in this country, our economy has skyrocketed to the max with expenses and the cost
Before then, buying and renting houses was never hard to figure out (expense wise) because they were always affordable. One study shows that all renters spend more than 30% of their income on rent and utilities. (Lam, Bourree) Some Americans think that raising in housing prices isn’t a bad thing. They think that investing in a house is a smart thing to do according to the article.(Roth) I personally think that inflation in housing going up is a bad thing because then it creates more problems with people being able to afford shelter. It creates more homeless people and more over populated places. People are even struggling with paying for food and clothes let alone paying rent for a 1 bedroom apartment. Not only do you have to pay for rent but utilities is also an expensive thing. Some places utilities is including like if you lived in an apartment but in houses you have to pay for them separately. If you didn’t pay for utilities, you wouldn’t have water or electricity. With making ends meet every month for rent, most American’s in the lower-middle class barely reach being able to pay for both and having a little money left over for food and