A surge in rents and home prices left more lower-income households with no place else to go.

Summary

A growing number of Americans are seeking shelter in budget motels due to rising rents and home prices, with families experiencing cramped, unstable living conditions.

In New York’s Hudson Valley, over 550 families with children lived in motels in 2023, a 21% increase from 2018.

High costs, safety concerns, and limited housing options make escaping this cycle difficult.

Advocacy groups warn motels are an unsustainable solution as housing costs outpace wages, while waitlists for subsidized housing and vouchers remain long.

  • corsicanguppy@lemmy.caEnglish
    9·
    11 hours ago

    Mediocre early [1900s] homes that […] could be had for $200k now started at $350k and end up over $400k in same day bidding wars.

    We were considering bidding on a 1908-build bungalow up the road here. Basement in need of re-arrangement, original electrical, pipes, ducting. So about 20% for retro on top of

    C$1.51m

    • xmunk@sh.itjust.works
      3·
      2 days ago

      Our one bedroom condo has jumped from 350k to 650k assessed in under a decade. It is fucking insane.

    • asteriskeverything@lemmy.world
      5·
      2 days ago

      And then there’s the mortgage on a 1.51mil house And the tax Not just the initial “buy house + reno so it’s an investment” wealth/security. Sure maybe you could save up the hundreds of thousands for a down payment

      It’s just insane and as far as I see the only laws that give real relief or protection are for existing homeowners so good luck n00bs