90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
Chris Herbert Explains Why Rents Are Headed Skyward

Our Monday, Dec. 16 hour on the perilous state of the American rental market hit a lot of relevant real estate topics, but we thought guest Chris Herbert of the Joint Center For Housing Studies at Harvard University had the clearest explanation as to why rents are rising:

“Well, I think it’s a basic question of supply and demand. When you have that many more renters coming into the market looking for housing, and the supply of housing isn’t responding as quickly as it might, that’s gonna push rents up, even if incomes are low. There’s that many more people out there competing for that housing and it will help rents go up.

[Our housing stock] hasn’t shrunk. It’s a question of whether it’s owner-occupied or renter-occupied, and one of the things we did see  meeting that demand was a huge shift of single family homes from the owner occupied stock into the rental stock. SO between 2007 and 2011 we saw three million housing units switch tenure. So that certainly helped.”

Herbert was a lead author on the 2013 JCHS report, “America’s Rental Housing: Evolving Markets and Needs,” which is worth a read if you have the time. Are your rents on the rise? Have you seen the larger market forces at play in your own city, town or apartment building? Was Jimmy McMillan of the Rent is Too Damn High Party in New York right? Let us know in the comments below, or on Facebook, Tumblr and @OnPointRadio.

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Jan 23, 2015
A Cuban flag and an American flag stand in the press room during the second day of talks between U.S. and Cuban officials, in Havana, Cuba, Thursday, Jan. 22, 2015. (AP)

President Obama comes out swinging in his State of the Union. High level talks in Cuba. Japanese hostages. “American Sniper” controversy. Our weekly news roundtable goes behind the headlines.

Jan 23, 2015
People enter the Arapahoe County Justice Center in Centennial, Colo., Tuesday, Jan. 20, 2015. The jury selection process in the trial of Aurora theater shooting suspect James Holmes began Tuesday, and is expected to take several weeks to a few months. Holmes is charged with killing 12 people and wounding more than 50 in an Aurora movie theater in 2012 (AP)

The Marathon bombing, the Aurora movie theater shootings, and the challenges of picking an impartial jury.

RECENT
SHOWS
Jan 23, 2015
People enter the Arapahoe County Justice Center in Centennial, Colo., Tuesday, Jan. 20, 2015. The jury selection process in the trial of Aurora theater shooting suspect James Holmes began Tuesday, and is expected to take several weeks to a few months. Holmes is charged with killing 12 people and wounding more than 50 in an Aurora movie theater in 2012 (AP)

The Marathon bombing, the Aurora movie theater shootings, and the challenges of picking an impartial jury.

 
Jan 23, 2015
A Cuban flag and an American flag stand in the press room during the second day of talks between U.S. and Cuban officials, in Havana, Cuba, Thursday, Jan. 22, 2015. (AP)

President Obama comes out swinging in his State of the Union. High level talks in Cuba. Japanese hostages. “American Sniper” controversy. Our weekly news roundtable goes behind the headlines.

On Point Blog
On Point Blog
Our Week In The Web: January 23, 2015
Friday, Jan 23, 2015

New thoughts on Facebook, new analysis of State of the Union twitter activity and new weekend excitement. New! And exciting!

More »
Comment
 
Meet On Point’s Interns: Spring 2015
Friday, Jan 23, 2015

Good news! We have interns, and they are wonderful, and here they are for the spring term. Meet them digitally, right here.

More »
2 Comments
 
Caller To Author Ron Rash: ‘You Cared About People Like Me’
Thursday, Jan 22, 2015

An unexpected caller from South Carolina brings back guest Ron Rash’s years as a community college professor in a movingly real way.

More »
Comment