New Orleans ranks fifth among the ten worst U.S. cities for renters behind Miami (#1) and McAllen (#2); but the Gulf South also has #7 (Memphis) and #8 (Orlando)—five of the top ten!
Venessa Wong of Bloomberg Businessweek digested a recent study by Harvard University’s Joint Center for Housing Studies to focus on the ten worst cities for renters. The ten are ranked by the percentage of tenants spending more than half of their income on rent. See her article here.