{"id":50467,"date":"2015-06-24T18:00:16","date_gmt":"2015-06-24T18:00:16","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/nyt_more_americans_are_renting_and_paying_more_as_homeownership_falls\/"},"modified":"2015-06-24T18:00:16","modified_gmt":"2015-06-24T18:00:16","slug":"nyt_more_americans_are_renting_and_paying_more_as_homeownership_falls","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=50467","title":{"rendered":"(NYT) More Americans Are Renting, and Paying More, as Homeownership Falls"},"content":{"rendered":"<p>In the past, many families like the McDowells, whose household income is almost $100,000 a year, would already be nestled in a starter home, maybe even on the cusp of upgrading to something bigger and more expensive on the profits from their first house.<\/p>\n<p>But even as the market continues to improve \u201d\u201d sales of existing homes in May increased to their highest pace in six years, the National Association of Realtors reported on Monday, and first-timers make up 32 percent of the buyers \u201d\u201d it is leaving millions of Americans unwillingly stuck in rental housing.<\/p>\n<p>\u201cIt\u2019s more of a new normal,\u201d\u009d said Robert J. Shiller, an economics professor at Yale University and a Nobel laureate. \u201cWe went through a wrenching experience with the biggest housing bubble and the biggest collapse since 1890. This is an anxious time.\u201d\u009d<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2015\/06\/24\/business\/economy\/more-americans-are-renting-and-paying-more-as-homeownership-falls.html?_r=0\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the past, many families like the McDowells, whose household income is almost $100,000 a year, would already be nestled in a starter home, maybe even on the cusp of upgrading to something bigger and more expensive on the profits<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=50467\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,50,209,175,589,149,168,600,597,593,596,34],"tags":[],"class_list":["post-50467","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-international-news-commentary","category-americau-s-a","category-anthropology","category-corporationscorporate-life","category-economy","category-ethics-moral-theology","category-housingreal-estate-market","category-laborlabor-unionslabor-market","category-personal-finance","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/50467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50467"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/50467\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}