Soaring Rent Prices Forcing Families Out Of Homes

The video discusses the economic and social issues caused by rising costs in the US, focusing on the housing market. It highlights the challenges faced by low and middle-class renters, who are unable to enter the housing market and are stuck in the rental market, leading to increased demand and higher rents. The impact on businesses and individuals is significant, with many being forced to relocate due to unaffordable living costs. Personal stories illustrate the struggles faced by families, such as Ariel Level, who must move in with extended family due to rent hikes.

What is one of the main reasons full-time workers are struggling to afford housing?

• They are not working enough hours.

• They are not interested in buying homes.

• Rent prices are increasing rapidly.

• They are spending too much on luxury items.

According to the Redfin survey, what was the average rent increase in the US in 2021?

• 14%

• 10%

• 20%

• 3%

Which city experienced the largest rent increase according to the Redfin survey?

• New York, NY

• Chicago, IL

• Austin, TX

• Los Angeles, CA

What is one effect of rising rent prices on businesses?

• Lower operational costs

• Difficulty retaining employees

• More job applicants

• Increased profits

What difficult decision did Ariel Level have to make due to rising rent costs?

• Quit her job

• Move to a more expensive apartment

• Buy a new house

• Move in with extended family