Rising Housing Costs Force More Seniors to Rent: A Pressing Issue for Housing Security
In recent years, a growing number of seniors have been compelled to move into rental housing, highlighting the ongoing rise in housing costs and the continuous decline in homeownership rates. According to data from The Mortgage Works, a buy-to-let mortgage lender, the number of renters aged 55 to 64 has increased by 80% over the past decade. This trend indicates that many seniors, due to economic reasons, are being forced to abandon homeownership in favor of renting.
七月 17, 2024
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