Elizabeth Warren released a plan to lower the cost of renting a home by 10%—here’s how

U.S. Senator Elizabeth Warren. / Wikipedia

By Abigail Hess | CNBC

In the United States, more than 100 million Americans rent their home, accounting for more than 36% of U.S. households, according to the U.S. Census Bureau.

While federal housing policy has historically emphasized homeownership, on Monday, Democratic presidential candidate Sen. Elizabeth Warren released a plan addressing the issues that impact renters.

“The same Wall Street firms that tanked the dream of homeownership for millions of American families are now some of the country’s biggest landlords — and we can’t keep letting these vultures trample on the rights of hard-working families,” Warren tells CNBC Make It in a written statement. “It’s time for big structural change to strengthen tenants’ rights, combat the homelessness crisis and hold predatory lenders and landlords accountable.”

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