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High rent has woman moving back with family in Florida

Some residents have been detained due to soaring rents. Crystal Blair moved with his family until the market recovered, as rents are so high in the Florida community. It may not happen until more apartments are built. People living in apartments could always expect higher rents when it was time to renew. Blair said she was ready. “I’m always expecting $ 100, maybe $ 150 because everyone does. You start low, and you get high,” Blair said. But she had no idea how high her rent would be. Her complex wanted more than $ 800 a month. “I was like no, I can’t do that,” Blair said. Sister station WESH reported this week that rents are skyrocketing this year. Market analyst CoStar Group found that the most recent quarter’s progress was 21.5% higher than last year. Many report that apartments are demanding hundreds of dollars or more a month. Trinity Kuczynski of the Greater Orlando Apartment Association says one of the reasons is that the apartments are almost completely full. The worst ever. ” Central Florida has long lacked affordable housing, but its population is growing rapidly. Kutchinsky says new homes aren’t being built enough. “Currently, our major driving force is to get the additional inventory needed for the market,” says Kutchinsky. I’m just going to spend about two and a half months to save, save, save. And hopefully I can find a nice home for myself, “Kutchinsky said.

Some residents have been detained due to soaring rents.

Crystal Blair says the rent is so high in the Florida community that he moved with his family until the market turned around.

It may not happen until more apartments are built.

People living in apartments could always expect higher rents when it was time to renew. Blair said she was ready.

“I’m always expecting $ 100, maybe $ 150, because everyone does. You start low, and you end high,” Blair said.

But she didn’t know how high the rent would be. Her complex wanted more than $ 800 a month.

“I was like no, I can’t do that,” Blair said.

Sister station WESH reported this week that rents are skyrocketing this year.Market analyst CoStar Group has current rates 21.5% higher than last year In the last quarter.

Many report that their apartments demand hundreds of dollars more a month.

Trinity Kutchinsky of the Greater Orlando Apartment Association says one reason is that the apartment is almost completely full.

“These vacancy rates are among the lowest ever in the country,” Katchinsky said.

Central Florida has long run out of affordable housing, but its population is growing rapidly.

Kutchinsky says not enough new homes have been built.

“Our current big driver is to get the additional inventory we need for the market,” says Kutchinsky.

Blair has left the old apartment and lives with her family until the market settles down.

“I’m just going to save, save, save about two and a half months, and hopefully I can find a nice home for myself,” said Kutchinsky.

High rent has woman moving back with family in Florida Source link High rent has woman moving back with family in Florida

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