By Amber Randall |South Florida Sun Sentinel
Wages aren’t keeping up with soaring rents in South Florida, and that’s forcing many renters to make sacrifices and difficult choices between basic necessities and paying their landlords.
While rents in the region have surged an average of 22% higher than last year, income has only risen between 8% and 10%, according to ATTOM Data, a provider of nationwide property data.
By Sophie Kasakove | The New York Times
The heightened strain on available housing has strengthened the position of landlords.
“Landlords seem anxious to move tenants out so they can go out and take advantage of those higher rents,” said Zach Neumann, director of the COVID-19 Eviction Defense Project in Colorado.
Skyrocketing rents are blunting the effectiveness of emergency rental assistance, the only federal tool remaining for struggling renters, as landlords decide not to extend leases and then raise rents beyond what existing tenants can afford, Neumann said. Other tenants are being displaced as landlords rush to sell buildings amid a booming market.
By Amber Randall | South Florida Sun Sentinel
It’s been two weeks since Sean Jeremy’s landlord raised his rent beyond what he could afford. For now, the only place he can afford to live is in his car.
Soaring rents in South Florida are putting others like Jeremy is a similar bind. With housing costs too high, concern is growing that more people will find themselves priced onto the streets.
By Wayne Washington | Palm Beach Post
Riviera Beach is becoming more racially and ethnically diverse and the city’s population growth is adding to its housing crunch, an analysis of 2020 U.S. Census Bureau figures show.
The Palm Beach Post is analyzing 2020 U.S. Census Bureau figures for Palm Beach County and several cities and comparing the new figures to 2010 data to provide a sort of demographic snapshot.
Listen to the October 6, 2021 panel interview moderated by radio host Ms. Penny Pompei. This informative discussion focused on the workforce and affordable housing crisis in Palm Beach County.
As the County population grows driven by a booming economy, the pressure on housing stock that is priced significantly less than market rates has become intense. Both City and County leaders are concerned about the lack of affordable housing and have proposed various solutions, some have been effective, some have not.
President and CEO, Housing Leadership Council
Co-Founder and President, Affiliated Development