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After the COVID-19 pandemic, some baby boomers whose children have moved away have found it prohibitively expensive to move into smaller homes, a paradox caused by the higher prices of newer homes, tax benefits given to long-time owners, higher interest rates, and low supply of appropriately-sized housing caused by restrictive zoning that ...
Due to the COVID-19 pandemic, Congress and President Trump enacted the $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES) on March 18, 2020. The Congressional Budget Office estimated that the budget deficit for fiscal year 2020 would increase to $3.3 trillion or 16% GDP, more than triple that of 2019 and the largest ...
COVID-19 increased mortality around the world, with the UN estimating that there were 15 million deaths due to COVID-19 in 2020 and 2021. This estimate was broadly in line with other estimates of 14.9 million from World Health Organization and 17.6 million from The Economist .
In 2023, 56.2% of Black or African American households spent more than 30% of their income on housing costs, compared to 49.7% of the total population. Among Hispanic households, 53.2% were cost ...
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Breaking down housing inequality amid coronavirus. June 3, 2020 at 2:16 PM ...
The U.S. Census Bureau found that if housing costs were taken out, inflation at the end of 2023 would have been 1.8% instead of 3.2%. [51] Reuters noted how shelter costs or 'shelter inflation' surged during the pandemic. [52] Artificial scarcity in the supply of housing, due to NIMBYism, has been a significant factor in making housing more ...
He learned about the area’s modest housing costs and Choose Topeka, a program that offers up to $15,000 to remote workers who move to town and buy a house. (At the time Jaggers moved, the ...