America’s ‘Missing Middle’ and the Struggle for Affordable Housing
San Francisco is among many U.S. cities that have become especially tough on those who want to stay.
The City by the Bay has been stretching budgets for years with a cost of living that routinely ranks among the highest in the nation. San Francisco apartments typically rent for almost twice what they do in Charlotte. Homes sell for three times the price.Divanir4a/Dreamstime/TNS
When Richard Amaechi, 27, lost his job as a financial planner in North Carolina, he decided to pull up stakes and return to San Francisco, where his parents still lived. The question was: Had his hometown become too expensive to welcome him back?
