Homeowners too often favor restrictive housing policies that hurt lower-income renters
First, let’s start with a disclaimer: Columbus is still a relatively cheap place to live compared with other U.S. cities. Despite being the 32nd-largest metro area in the country, rental costs in the city are only 61st-highest among the top 100 largest metro areas, coming in at only $1,350 on average, according to Zillow rent data.
That being said, many people in Columbus are still burdened by rent. According to a study released by the Joint Center for Housing Studies of Harvard University last year, more than 40 percent of Columbus renters are “cost burdened” by rent, meaning more than 30 percent of their income is going to rent.
Ultimately, housing in the United States is a commodity good. It is bought and sold on the private market and is subject to pressures of supply and demand.
Continue reading Rob Moore's column about housing restrictions on Columbus Alive.