Local news rag had an article about landlords getting extra greedy recently. Instead of increasing rents a bit over time, they are going big time with $1k bumps. Retired nurses who paid $1460/mo are now stuck with $2500. A bunch of other homes and apartments are getting the same bumps. Home prices are now above 2007 values and rising 12% year over year. Just got a post card from the assessor, my place jumped $200k this year.
clay On Jun 19, 2016, at 8:46 PM, Andrew Strasfogel via Mercedes wrote: > *4. Charleston, South Carolina * > > White millennials have flocked to Charleston, South Carolina, drawn by the > boom in the city’s tech sector and its high salaries. So many, in fact, > that Charleston has, for the first time in six decades, become a > majority-white city. Unsurprisingly, the real estate developers have > followed. With the influx of tech workers, along with students from the > College of Charleston, downtown Charleston has seen median rent prices go > up more than much larger cities. A one-bedroom can cost $1600, higher than > in Atlanta or Chicago. House prices have doubled in the past few years, up > more than $50,000 just in the past year. And like other cities struggling > with gentrification, the non-white population has suffered the most. In > some Charleston neighborhoods, nearly half of the African-American > residents have left, as even in areas riddled by higher crime rates, > four-bedroom apartments are renting for up to $3000 a month, with students > snatching them up. Meanwhile, struggling families, many working in > low-paying food or hospitality services and forced to depend on federal > help for housing costs, are limited to section-8 housing voucher maximums > of just $1026 for a three-bedroom. As longtime Charleston resident King > Grant-Davis told the Charleston City Paper, “Gentrification in itself may > not be bad, but the part of pricing racial or ethnic groups out, making > accommodations too expensive for them because of their economic status, > that’s bad.” > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
