Exclusive: most renters surveyed by Harris Poll say the areas they live in have become so unaffordable they are ‘barely livable’
The poll, conducted by the Harris Poll Thought Leadership and Future Practice, asked survey takers to identify themselves as renters or homeowners, along with other demographic information. Those polled were asked their opinion on home ownership in the United States. For many, especially renters, the outlook is bleak.
Though the vast majority of renters polled said they want to own a home in the future, 61% said they are worried they will never be able to. A similar percentage believe no matter how hard they work, they’ll never be able to afford a home.
“When you think about Maslow’s hierarchy of needs, and housing is right at that foundational level of security, the implications on consumer psyche when things feel so unaffordable is something that will impact everyone,” said Libby Rodney, chief strategy officer at Harris Poll. The American dream of owning a home “is looking more like a daydream for renters”.
It’s not actually a joke, it’s the reality of the current housing market. If you want to own a house now or soon, that is where they are affordable. The other part of that reality to face is that this situation is not going to be fixed anytime soon, so you will have to deal with it by renting a high-priced small place in a big city, or taking the option to own your home where you can afford to buy.
I’m on track to have my house paid off about 15 years early, out here in rural USA where houses can still be bought. I would never trade this life to live in a big city, unless it was free to do so. It’s 5 minutes away from 2 grocery stores, 30 minutes away from the largest city in this part of the state. Most people in my area commute about 20-30 minutes to work. All of my peers own their own houses here too.
So you can laugh all you want at that “joke” but those of us living it are laughing at you paying $2000 a month for rent.
What you’re describing is a suburb.