Rents averaged $1,412 nationwide, a 3 % increase year over year, according to data from Yardi Matrix.
A different study earlier this year from Harvard University’s Joint Center for Housing Studies found that half of the renters are already considered “cost-burdened,” because they devote more than 30 percent of their paycheck to housing costs.
There is a lot of talk about how to go fix this housing affordability issue here in San Jose, and one of the plans calls for closing several of the district’s schools with declining enrollment, such as Leland High School and Bret Harte Middle School located in a wealthy area of Almaden Valley, and turning them into staff housing.
The city has received a lot of backlash for this so we will see what happens. I’ll write more about it later.
Anyways, hope this doesn’t make you too angry but just stay hopeful and one-day things will get better.
As always thank you for reading, I appreciate you and your time.
xx
Damaris, your favorite REALTOR girl.