'How Housing Matters: The Housing Crisis Continues to Loom Large in the Experiences and Attitudes of the American Public'

While 80 percent of Americans feel "very" or "fairly stable/secure" about their current housing situation, nearly half (47 percent) — including 42 percent of home owners and 56 percent of renters — feel unstable/insecure or have in the recent past, a report the John D. and Catherine T. MacArthur Foundation finds. Based on a survey conducted by Hart Research Associates, the report, How Housing Matters: The Housing Crisis Continues to Loom Large in the Experiences and Attitudes of the American Public (42 pages, PDF), found that a majority said it was "very" or "somewhat challenging" to find affordable rental housing (58 percent) and homes for sale (59 percent) in their communities, while 52 percent of all respondents — and 75 percent of parents who spend more than 30 percent of their household income on housing — had made at least one tradeoff to pay their rent or mortgage, such as taking a second job or working more hours, not saving for retirement, or cutting back on medical care. Moreover, 64 percent of respondents felt that a family was less likely to build equity and wealth through home ownership today compared with twenty or thirty years ago, and 54 percent said given the economic situation, buying a home has become less appealing. In addition, 47 percent said they favored eliminating the federal mortgage interest deduction for second homes and homes valued at more than $500,000 to increase access to low-income housing.

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