Monday, July 12, 2021

Rent prices are soaring as Americans flock back to cities via The Washington Post

Lauren Campos opened the door to her Phoenix apartment last week to find a note stuck in the door frame. Her rent was going up nearly $400 a month, the note said, a 33 percent increase.

Campos and her fiancee read the letter in shock. The property management company gave them four days to decide whether to commit to stay or leave by the end of July. They spent the rest of the day poring over apartment listings online, only to realize that they would either have to move or downsize from their two-bedroom place to a one-bedroom.

Read more...Rent prices are soaring as Americans flock back to cities via The Washington Post

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