Editorial: Charleston’s housing affordability crisis affects us all
Charleston’s lack of affordable housing isn’t a particularly new crisis or one that might come as a surprise to anyone who has shopped for a new home or paid rent in the area over the past few years.
The area’s median wages are lower — in some cases half as much or less, depending on the neighborhood — than the median cost of a new house. Almost half of Charleston renters spend more than 30 percent of their incomes on housing.
And housing affordability is one of the region’s most pressing challenges because it impacts almost every other issue — traffic, public health, jobs, the environment, etc. — that has to do with quality of life.