San Antonio/ Real Estate & Development
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Published on August 09, 2024
Survey Reveals 9 in 10 Texans Struggle with High Housing Costs, Bipartisan Support Brews for Affordable SolutionsSource: Unsplash/ Florian Schmid

A recent poll reveals nine out of ten Texans agree that housing costs in the state are excessively burdensome. The study, conducted by the University of Houston and Texas Southern University, underscores the economic strain that housing prices are imposing on both homeowners and renters.

According to the poll, more than fifty percent of Texans experience some level of financial strain due to housing costs. This sentiment cuts across political affiliations, with both Democrats and Republicans acknowledging the crunch in their respective locales. The poll's findings, as reported by the Texas Tribune, showcase that housing affordability is a rare shared concern amidst the usual partisan divide.

In response to the crisis, there's smaller majority that believes the government should step in to assuage the problem. Fifty-four percent of poll participants were in favor of policies aimed at increasing the supply of affordable rental housing for lower- and middle-income Texan citizens. In contrast, 26% opposed such government intervention, and 20% remained undecided, indicating a split in opinions over the solution.

Harvard University's Joint Center for Housing Studies further emphasized the issue, finding that a growing number of Texan households are challenged to maintain homeownership. Latinos and Black Texans, alongside lower-income individuals, disproportionately feel the weight of austerity in housing, often more likely to support government action to create affordable housing solutions. On the other hand, homeowners, who statistically are better off, are less likely to feel financial pressure, yet a majority across both homeowners and renters back policies that would increase the availability of economical housing options.

Republican leaders like Lt. Gov. Dan Patrick and House Speaker Dade Phelan have shown openness to revising city regulations that impact housing development. Democrats, for their part, have expressed similar willingness in their platform, encouraging the rollback of zoning rules that restrict housing supplies. Both parties seem to be converging on the idea that local regulations, which directly influence home prices and rents, need revamping.