Housing Costs

E-mail to Congress:

EIN News says, "2008 Census Data: Housing Is Getting Even Less Affordable. More Americans found housing unaffordable last year, even though home prices across the U.S. have taken a major fall. More than 40 million spent 30% or more of their household income on housing costs, 600,000 more than in 2007, according to 2008 Census data released Monday. That includes homeowners with and without mortgages, as well as renters. (usatoday.com)".
Do not get excited and try to do something about this. The above is a deceptive remark. If more than 40 million people spend 30% more of their household income on housing costs, they do that by choice. Many householders have opted to purchase more housing than they reasonably need. In other words, they have chosen to live in opulence. If they now feel that 30% of their income is more than they want to spend on housing, they have the choice of moving to smaller digs, rather than whining about high housing costs. This also goes for renters, for which change is actually easier since there's no need to sell their presently occupied home.