Here's how much per month it costs to own a home in the U.S.
Here's how much per month it costs to own a home in the U.S.
The cost of both owning and renting a home in the U.S. is rising, according to Census Bureau data, squeezing millions of Americans.
Read the full article on CBS Money
Truth Analysis
Analysis Summary:
The article makes a general claim about rising housing costs. While this is likely true, the provided snippet is too vague to verify specific numbers. The article exhibits a slight bias by focusing on the negative impact of rising costs without presenting counter-arguments or alternative perspectives.
Detailed Analysis:
- Claim: The cost of both owning and renting a home in the U.S. is rising.
- Verification Source #5: Source 5 discusses the income needed to afford a home, implying rising costs as it compares affordability in 2001 to the present.
- Verification Source #4: Source 4 mentions costs including mortgages, property taxes, utilities, and maintenance, which are components of homeownership costs.
- Assessment: Supported. While no specific numbers are given in the article snippet, the general trend of rising housing costs is supported by the provided sources.
- Claim: Rising housing costs are squeezing millions of Americans.
- Verification Source #5: Source 5 indicates that a smaller percentage of income earners can afford homes now compared to 2001, suggesting a squeeze on affordability.
- Assessment: Supported. Source 5 supports the idea that fewer people can afford homes, implying a financial strain.
Supporting Evidence/Contradictions:
- Source 5: 'By contrast, in 2001, the top 30% of income earners could afford homes'
- Source 5: 'Here's how much money you need to make to afford a home'