Costs are rising rapidly in the United States
“It’s not just an economic problem. It’s a social problem that tears at the fabric of communities and families,” said Aaron Dietrich of the People’s Council of St. Petersburg.
“You have us people who are full-time workers working more than 40 hours a week, or 80 hours a week, even working overtime and still struggling. But we have low incomes. We are being kicked out .
That’s basically how I feel about the whole situation,” said Chelsie Delgado, a daycare educator.
From Oregon to Florida, families are struggling to keep a roof over their heads as rental prices soar — in some cases, up to hundreds of dollars.
“People I’ve known who’ve lived here all their lives say, ‘Hey, it’s time for me to go,'” Dietrich said.
Unable to pay the bills, many are forced to leave in search of more affordable housing, but their options are slim.
“Lower and middle class tenants who would normally be homeowners at this point, cannot enter the housing market. They are locked into the rental market, which only increases the demand for housing, which allows landlords to raise the rent even more,” said Zac Oswald of the Legal Aid Society.
In January, real estate firm Redfin released a survey of rent prices in the 50 largest cities in the United States. According to the survey, average monthly listed rents in the United States increased by 14% in 2021, a massive jump from the 3% increase from 2020, which was relatively standard compared to recent years.
The city with the biggest rent increase is Austin, Texas, which Redfin said saw a 40% jump from the previous year.
Analysts say one of the reasons for skyrocketing rents is rising demand.
The high cost of buying a home is pushing more people into the rental market in an economy facing inflationary pressures.
“I have a lot of employees saying they have to leave because they just can’t afford to live here anymore,” said Larry Falisi, co-owner of The Hangout.
Rising rents are having a ripple effect on businesses, with landlords saying workers are leaving because they can’t afford the area.
“We’re having a little trouble finding culinary talent to support the back of the house,” said Daniel Kniola, chef and general manager of Food & Thought Too.
With no help on the horizon, tenants like Ariel Lovell must pack their bags. His $1,000 rent in Hendersonville, Tennessee is now increased to $1,400
“Since I’ve been here it’s just been outrageous,” she said. “I have a 9-year-old who is in school, I have an 18-month-old, I have a 4-month-old, so I’m like, ‘$1,400 and $1,550 is many. “”
She is now moving in with her extended family. A gesture that she says she never wanted to do.
“I don’t want to be kicked out. I don’t want to go live with my parents,” Lovell continued. “I’m the kind of mother where I take care of them on my own.”
This story was originally posted by Meg Hilling of Newsy.