Business & Economy
Higher rents squeeze low income workers
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By SIERRA RESOVSKY
Capital News Service
LANSING – Real estate experts across the state say the cost of renting a home is rising and the trend toward higher rent will only continue. Recent economic turmoil has raised barriers when it comes to owning a home, sparking a surge in the rental market across the country. But what happens when wages and income level don’t line up with the rising cost of rent? According to the National Low Income Housing Coalition in Washington, D.C., one in four renters pays half of his or her income in rent. In St.