Rising rents are pushing more tenants past the breaking point

Tenants face tough choices, fears after eight years of rising rents los angeles County’s rent reached a record of $2,113 a month, an average of four apartment indexes show.

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Not just that but other rents in the city are going up. My rent went from $515 to $645 as of this month because new owners bought the building. For new tenants they have rents listed at $900. Keep in mind this is an older building and not some new luxury unit.

As rising home values and rents are forcing many people to move elsewhere, some fear east boston’s immigrant character is beginning to change.

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On an annual basis, the North West of England is home to the fastest rising rents, having increased by an average of 3.6% to hit an average of 633pcm, followed by the East Midlands where prices are up 3.4% to 646pcm, while the East of England completed the top three with prices having jumped by 2.9% in the 12 months to September to hit an.

Rising rents, rising towers push out tenants of modest means. They include a high-school math teacher, hotel concierge, classical trumpeter, restaurant manager, theater coordinator, a writer and two executive chefs. Across the street at the high-rise apartment tower Aspira, a one-bedroom unit starts at just under $2,000 – more than twice what many residents pay at the three-story Williamsburg Court.

Rent control battles have been flaring up across California over the past two years, as rents have soared and investors have fixed up older buildings to jack up profits, often pushing out longstanding.

Rising Rents Are Pushing More Tenants Past the Breaking Point (bloomberg.com) submitted 1 year ago by Cyclone_1 Sociologist I Anarcho-Communist to r/latestagecapitalism 2 comments

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Rising Rents Are Pushing More Tenants Past the Breaking Point; Almost 20 percent of those surveyed struggle to pay the rent as Cities rocked by foreclosure crisis still see higher evictions home Street Talk

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San Jose Rising Bay Area rents have taken the heaviest toll on minority communities, displacing more low-income black. The study also found rising rents pushing poor residents beyond the breaking.