Contact Us

45 Percent Of Lousiana Renters Are “Stressed Out”

Justin Sullivan, Getty Images

BATON ROUGE (AP) — A new assessment of the Louisiana housing market has found that nearly 45 percent of renters are considered “rent stressed” because they’re paying more than 35 percent of their monthly income in rent.

 

The national average is at close to 43 percent.

The study by LSU professors Jim Richardson and Roy Heidelberg notes the percentage of Louisiana residents in that category has gone up by almost 15 percentage points since 2000.

Richardson and Heidelberg cautioned the Louisiana Housing Corp. report doesn’t look at household income, so affluent people could fall in the category too.

Meanwhile, Louisiana homeowners are less cost-stressed than the rest of the country. Twenty-two percent are spending more than 35 percent of their monthly income on a mortgage, compared to 26 percent nationwide.

 

 

 

 

 

 

http://www.dailycomet.com/article/20140814/WIRE/140819854

Best of 710 KEEL

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://710keel.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for KEEL VIP Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive KEEL VIP Club contests, events, coupons, presales, and much more delivered to you for FREE.