Friday, September 5, 2014

Time to Head Off the Next Housing Crisis

Time to Head Off the Next Housing Crisis
Fortunately, there’s time to address this crisis — but not much. In 15 years, one in five Americans will be 65 or older. And by 2040, we’ll have 28 million who are 80+. “If things don’t change, low-income older people will be compromising their well-being in many respects,” says Chris Herbert, acting managing director of the Harvard Joint Center for Housing Studies. “It’s an issue that will affect us all.”Housing, says Vivian. The lack of affordable, accessible, and well-located homes is failing to meet the needs of an aging population and could be the nation's next housing crisis, a new report suggests.The cost of renting and home ownership is too high, read more.

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