Housing costs are top of mind for voters across the country, as rising prices force many renters and potential home buyers to empty their pockets.
Nearly half of all renter households were cost-burdened by their rent in 2023 — meaning they spent more than 30% of their income on housing costs, according to the U.S. Census Bureau.
And housing costs? They’ve outpaced inflation since the 1960s, rising 2.4 times faster, according to an analysis of housing data published by property advice site Clever Real Estate in March.
The study found that if home prices only kept pace with inflation, the median home could cost about $177,000 instead of the roughly $431,000 it actually costs.
Housing policy was mentioned during Tuesday’s presidential debate between Vice President Kamala Harris and former President Donald Trump, as Harris touted her newly released policy proposals several times.
“We know that we have a shortage of homes and housing, and the cost of housing is too expensive for far too …