Rents went up an above-average 50 percent in five years at one of Hannity’s Georgia housing complexes, The Los Angeles Times reported. This while the Joint Center for Housing Studies at Harvard reports that 11 million renters are still “severely burdened” by housing costs. As the hedge funds and the Hannitys have thrived, many others find themselves unable to afford homes. The Republican tax overhaul, which cuts taxes for the wealthy, will make it harder to afford a home. But as investors like him profit off the housing collapse, millennials struggle to find homes they can afford.

Source: New York Times May 06, 2018 23:53 UTC