Whatâs driving Utahâs housing crisis? Itâs not what you think, says economist.
Low wages are the real culprit, he says, even as lawmakers prepare to spend millions to construct more affordable homes.
(Francisco Kjolseth | Tribune file photo) A home for sale in Salt Lake City on Tuesday, April 27, 2021. With Utah poised to spend millions on affordable housing, a top analyst says stagnating incomes are more of a driver in the state s current crisis than a lack of housing. | Updated: 1:56 a.m.
Utahâs housing crisis may be more about shrinking paychecks than a shortage of homes.
As state lawmakers met Tuesday in advance of spending millions of pandemic-relief cash to encourage more affordable housing construction and other projects, a top analyst told them that a lack of supply isnât the Beehive Stateâs most pressing housing issue and urged them to look also at ways of boosting incomes for Utahâs working families.