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PNS Daily News - December 11, 2019 


U.S. House to vote on two articles of impeachment; $1.4 trillion in planned oil & gas development said to put the world in "bright red level" of climate crisis; anti-protest legislation moves forward in Ohio; "forest farming" moves forward in Appalachia; and someone's putting cowboy hats on pigeons in Nevada.

2020Talks - December 11, 2019 


18 years ago today, China joined the WTO. Now, China's in a trade war with the U.S. Also, House Democrats and the Trump administration made a deal to move forward with the U.S.-Mexico-Canada Trade Agreement.

Report: Housing Costs “Going Through the Roof”

September 13, 2007

New Census Bureau statistics show the cost of housing in Minnesota is emptying a lot of wallets. Barb Jacobs with the Minnesota Housing Partnership describes the crisis facing many of the state's families.

"More homeowners in Minnesota are unable to afford the homes they're living in. Between 2005 and 2006, there was about a three percent increase in the amount of income that homeowners are paying towards their mortgages."

Jacobs explains that the trend has been underway for years and, since wages aren't keeping up with cost of living increases, housing becomes increasingly unaffordable. Mortgage payments require greater and greater percentages of a family's income.

"The number of mortgaged homes in which households were paying more than half of their income on housing has increased about 128 percent between 2002 and 2006. This is a substantial gain."

She adds part of the problem has been the liberal amount of sub-prime lending in recent years. It has led not only to the home foreclosure crisis, but also has affected the prices of rental housing. However, Jacobs says there are ways to make housing more reasonably-priced and accessible.

"It is critical that Minnesota begin investing in additional affordable living arrangements, to provide Minnesota families with reasonably priced rental homes as the credit crunch continues to displace them."

Jim Wishner/Eric Mack, Public News Service - MN