High-Income Earners Are Renting Instead of Buying Homes
High-earning Americans are renting instead of buying homes. Some even say they plan to rent indefinitely. Why is that? In this week’s Upzoned episode, join host Abby Kinney and guest Norm Van Eeden Petersman as they talk about this trend.
ADDITIONAL SHOW NOTES
“Three Million U.S. Households Making Over $150,000 Are Still Renters,” by Will Parker, The Wall Street Journal (March 2023).
Cover image source: Unsplash/Nebular Group.
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Abby Kinney is the cohost of the Upzoned podcast. Abby is an urban design and planning consultant at Multistudio in Kansas City, Missouri. In her own community, she works to advance bottom-up strategies that enhance both private development and the public realm, and facilitates the ad-hoc Kansas City chapter of the Incremental Development Alliance. When she’s not geeking out over cities, Abby is an avid urban mountain biker (because: potholes), audiobook and podcast junkie, amateur rock climber, and guitarist. You can connect with Abby on Twitter at @abbykatkc.
Norm Van Eeden Petersman is the Member Advocate at Strong Towns. He is an energetic enthusiast for the work that Strong Towns members do around the world. He is a skilled communicator and community builder. He leads Deltans for People-Oriented Places, a Local Conversations group, and is a leader of the Strong Towns Toastmasters Club.
Norm has a Master of Divinity and a Bachelor in Political Studies. He spent 10 years pastoring churches in Canada as a preacher, teacher, and leader. He worked in communications for the second-largest city in British Columbia and carried out stakeholder outreach for Canada's Minister of Health in Ottawa.
Norm has published articles on housing, transportation, faith, and culture and his writing appears regularly on the Strong Towns site. You can connect with him on Twitter at @normvep or on LinkedIn.
If one thing’s clear about the housing market, it’s that it’s currently more sensitive to factors outside of your community—outside of your control—than anything within.