Hitting the Rental Limit
Family or rent, but not both.
The cost of housing is a make-or-break consideration for most young families. When it is time to settle down, big city rent is just too damn expensive for most growing families. That's why so many people leave New York and San Francisco just as their careers start to take off.
The COVID-led surge appears to be cooling, though. More from the WSJ.
Now, recent declines are a sign that many tenants have maxed out on how much of their income they can devote to rent, while the specter of layoffs has created new concerns for some. Other would-be renters, living with family or friends, remain sidelined by prices that are still far too high for their budgets.