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Rents are 18-21% higher now as leases expire. It's massive, some people more than $100 per month increase. The waves of homelessness and people living out of
by ck2 5y ago
Rents are 18-21% higher now as leases expire.
It's massive, some people more than $100 per month increase.
The waves of homelessness and people living out of their cars starts in a few months.
https://www.apartmentlist.com/research/metro-rent-changes-18-21 https://www.apartmentlist.com/research/metro-rent-changes-18...
- titzer 5y agoSome places are ahead of the curve. Los Angeles is already not looking good in terms of homelessness.
- redisman 5y agoWest coast hasnt looked good in homelessness for decades
- vsskanth 5y agoCan confirm anecdotally. Ending my 2BR apartment lease at 963/month to move into a house in a different location. Currently being re-listed at 1300/month.I was paying 850/month last year. Last year I looked at renting a similar 2BR apartment in the new place, but prices jumped from 1300/month to 1650/month in like 6 months. So just went ahead and bought a house.
- hedora 5y agoYes, and there's a massive labor shortage too. Apparently people won't work for starvation wages. It'll work out in a year or so, or we'll get hit with hyperinflation.