People are being forced to leave their homes, and with slim housing options within their price range, some said they are worried for their future.
- Americans already feeling the sting of inflation now have to deal with skyrocketing rental prices.
For three years, she has been paying $2,100 a month for a three-bedroom residence in Palm Beach Gardens, Florida. Guilmain is a single mother and disabled veteran. She is reliant on rental assistance from Housing and Urban Development. She said she already had fewer options, but now the landlords looking to capitalize on rising rents are less willing to accept the strict guidelines of her rental voucher.Rents are rising across the country and are up nearly 20% in two years. In cities like Memphis, Tampa and Riverside, California, prices are up nearly 40%. The Miami area is up 58%.
“It’s not reasonable at all. I guess right now, everybody’s just price-gouging because people need somewhere to live,” Espinoza said.
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