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Rents are increasing at a breakneck speed
nationally: These smaller cities have
been hit hardest by pricey leases

Original Article

Posted By: NorthernDog, 11/26/2021 5:39:45 PM

Rents have spiked throughout the country in the last year, but smaller cities have been hit particularly hard. Topping the list for the highest rental increase for a one-bedroom apartment was Gilbert, Arizona, a town with a population of 267,000, where rent jumped 117% from September 2020 to $1,866 in September 2021, according to an analysis by Apartment Guide. (Snip) While rents continue to rise at a breakneck speed nationally, increasing by 20% from September 2020 to September 2021, renters in the top 10 cities experiencing the biggest rental hikes were shelling out at least 40% more. Brian Carberry, senior

Comments:

Somebody has to pay for the eviction moratorium, which dragged on for 18 months. Renters are now getting pummeled.

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Reply 1 - Posted by: Ribicon 11/26/2021 5:54:19 PM (No. 989776)
You will own nothing, and you'll be happy.
11 people like this.

Reply 2 - Posted by: zephyrgirl 11/26/2021 6:29:17 PM (No. 989802)
Landlords don't want to be caught short - all their expenses are going up, so they're raising rents to cover anticipated costs. There could also be shortages in the various cities, so "charge what the market will bear."
11 people like this.

Reply 3 - Posted by: bad-hair 11/26/2021 6:38:56 PM (No. 989809)
Give me an I I Give me an N N Give me an Flation Flation !!! Keep ignoring politics and voting Democrats. Ignoring doesn't work.
5 people like this.

Reply 4 - Posted by: Northcross 11/26/2021 7:16:12 PM (No. 989830)
Who is buying up the real estate and forcing prices ever upward. Does USA today care to examine that?
11 people like this.

Reply 5 - Posted by: snowoutlaw 11/26/2021 7:26:51 PM (No. 989837)
Those hundreds of thousands of FJB's illegals need to be housed somewhere.
13 people like this.

Reply 6 - Posted by: Birddog 11/26/2021 8:00:41 PM (No. 989861)
Ya....1.7MILLION recently arrived folks have to live "Somewhere", and if they are getting "Settle in" money? That means prices will go up. Particularly after a full year of "Covid Emergency" Laws that kept landlords from raising rent or evicting non-paying tenants. Add to the mix Blackstone/Blackrock/Zillo and mega billion$ hedge funds buying up all available properties at asking price or even above....well...they gotta make "money' right?
6 people like this.

Reply 7 - Posted by: DVC 11/26/2021 9:03:07 PM (No. 989906)
Long ago I decided that renting was a financially losing proposition and bought my first home. I'm happy that my homes have been paid for for decades.
12 people like this.

Reply 8 - Posted by: Trigger2 11/27/2021 3:42:51 AM (No. 990024)
That's what happens when you rake in goobermint rent money as a bailout, then keep it all for yourself.
3 people like this.

Reply 9 - Posted by: Strike3 11/27/2021 9:27:38 AM (No. 990243)
Renters are also paying for all of the lost revenue during the governments' "no eviction" period where deadbeats paid no rent and spent their government checks on everything but that. Let's not forget the higher taxes being used to keep illegal aliens in luxury accomodations until there is a flight available for them to some lucky city. Those generous democrats are still at work with your money.
1 person likes this.

Reply 10 - Posted by: anniebc 11/27/2021 12:31:16 PM (No. 990444)
In the Brandon economy, you kinda could almost tentatively call this gouging.
0 people like this.

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