Business: Gimme Shelter! But Where?

It is getting ever harder to find housing as more buys less

In Hartsdale, N. Y.' a young wife asks a rental agent: "Do you have any nice, one bedroom $350-a-month apartments?"

"Sure, lady," replies the agent, "we got a lot of $350 apartments. But we're getting $600 for them."

Everywhere in the U.S.—in towns and villages as well as in cities and suburbs—the cost of shelter is going through the roof. Despite runaway rents, galloping home prices and the difficulties of finding mortgages and paying sky-high interest rates, demand remains strong. The...

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