Rising rents are pushing more tenants past the breaking point

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The End of the West End As You’ve Known It.. making it one of the largest tenants in the neighborhood, with more than 130,000 square feet. But after the Oklahoma City bombing and 9/11, the.

 · California has reached a tipping point where policies and the private market are failing to meet the needs of the majority of renters. There are over 9.5 million Californians living in rent-burdened households and there has been a startling increase of approximately 3.7 million rent-burdened tenants since the year 2000.

Calls for rent-control legislation are growing across the U.S. as apartment tenants endure sharply rising rents. a Bane of Landlords, Are Gaining Support as Costs Soar. past few years. While.

Rising Rents Are Pushing More Tenants Past the Breaking Point. By Patrick Clark, Bloomberg, October 26, 2017. Rents have increased rapidly across U.S. housing markets as the share of renting households has risen faster than the number of new units.

gentrification and rising rents. Currently San Jose allows landlords to charge up to 5% more each year, more than double CPI in recent years. Most rent controlled units in San Jose are owned by large, extremely profitable corporations, which could easily absorb a lower annual rent increase. Just 1 in 8 rent controlled units are

Tenants groups have cast the legislation, which went into effect immediately, as an overdue respite for places like the Bronx, parts of which have faced rising rents and displacement. will make it.

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.

StreetEasy searches for apartments for sale in Long Island City soared roughly 300% this past. push demand out towards areas like Sunnyside, Greepoint, that might have a little bit more to offer.

>Rising rents are almost entirely because of local restrictions on creating more housing. If those restrictions are a constant, then foreign purchases can still play a huge role in pent up demand. Plus, there are limits to how much you can (and want to) built.