ABOUT THIS SERIES: Across the West, costs associated with renting or buying property have skyrocketed, forcing individuals and families to make tough decisions about what home looks like in a volatile market. The median asking price for rent in the U.S. recently exceeded $2,000 for the first time ever, and the cost of buying a home has spiked as much as 25% in some cities in just the past year.
They're competing against cash-laden investors who don't need mortgages and finding fewer new homes to choose from as homebuilders ease off on new construction. SOLUTIONS: How to solve the affordable-housing crisis For Star subscribers: Communities seem have three choices: grow wider, grow taller or stop growing.
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