Question of the Day: Which U.S. cities had the largest housing rental price increase in 2020?
Answer:
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Las Vegas, NV: 45.6%
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Buffalo, NY: 41.8%
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Scottsdale, AZ: 36.8%
Questions:
- What has caused the rental prices to increase in these cities during 2020?
- Would the cost of housing and rental prices affect where you decide to live? Why?
- How might an increase or reduction in housing rental prices affect a decision to pursue homeownership?
Behind the numbers (HowMuch):
"During 2020 with telework mandated for many across the nation, many Americans opted for new surroundings, free from the restrictions they once had. As such, various U.S. cities experienced increases and decreases in average costs of rental properties, such as two-bedroom apartments. As our visualization shows, these percentages varied widely across cities from April 2020 to April 2021."
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Give your students an opportunity to discuss budgeting for housing in PROJECT: Budgeting with Roommates
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About the Author
Mason Butts
After graduating from UCLA with a Master's in Education, Mason spent 5 years as a science educator in a South Los Angeles public high school. He is committed to supporting the holistic growth of all students and empowering them to live a life of relational, academic, and financial success. Now settled in the Bay Area, Mason enjoys facilitating professional developments and partnering with educators as they prepare students for a bright financial future. When Mason is not building curriculum or planning a training, he can be found cycling, trying new foods, and exploring the outdoors.
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