Real estate

Renter Nation increasingly cash-strapped

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Highlights from the Boston Real Estate Now blog.

Home buyers and owners have certainly faced their share of misery over the past decade.

And the return of escalating home prices is fast undoing any minor increase in affordability created after the real estate market tanked back in 2008.

But all is not well in Renter Nation either.

No, it’s not the happy land of footloose and fancy free millennial types we have all been hearing about, who are choosing to rent because it fits their evolving, earth-friendly lifestyles.

Rather, renters across the country are increasingly finding themselves cash strapped, having to devote ever greater amounts of shrinking or stagnant paychecks just to keep a roof over their heads.

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