In Spite Of Recession, Housing Costs Rise

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(Host) Housing costs in Vermont have continued to rise. That’s according to a report called "Between a Rock and A Hard Place."

Sarah Carpenter is executive director of the the Vermont Housing Finance Agency, which produces the report each year.

(Carpenter) "Rental housing doesn’t seem to be quite aware that there is a recession going on. We have seen a 7 percent increase in rents over last year."

(Host) Carpenter says for a two-bedroom apartment, that means monthly rent of $990 a month.

She says to afford that apartment, a renter would need to earn more than $19 an hour, or $35,000 a year.



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