… Roberto Quercia, a professor at UNC-Chapel Hill who studies low-income homeownership, said it can take a long time for low-income families to buy a home when rent stays high.
“They need to remain renters,” Quercia said, “paying even a higher amount of money for rent, that makes the likelihood of saving for the down payment to buy a new home less likely.”
Soaring rents versus unaffordable housing — in the Triangle, it’s an increasingly urgent dilemma.