Renters across US face sharp increases – averaging up to 40% in some cities
by Michael Sainato from US news | The Guardian on (#5W6P3)
Americans face having to move or pay much bigger slice of income to stay in their homes as prices outstrip wages
Rental prices across America have soared over the past year, with some cities experiencing average price hikes of up to 40%, leaving many renters stunned and grappling with either having to move to be able to afford rent or pay significantly more of their income to remain in their homes.
Joshua Beadle of Sarasota, Florida, lived in a 950 sq ft loft apartment for four years for about $900 a month until about one year ago when the owner sold the building and he was forced to move.
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