10 Cities with housing shortages....leads to rent increasing?

Question

Housing shortages will sometimes lead to increased rent prices. What do you think about these 10 markets? Sold Out: These 10 U.S. Cities Have the Biggest Housing Shortages

Natalie Kolodij · Answer

Can confirm for Seattle- Our rents statewide went up an average of 10% the last years. Things are insane here the issue is prices are going up equally. So I still can't get a 1% rental rate haha

Houses that rented for $1,500 in 2014 are now renting for $1,800-$2,000. They're doing a lot of micro housing...they just built some 300sq ft studios in the university area that rent for $1000 a month. It's crazy here.

Large blame: Tech companies. You have 23-24 year olds making $200k and driving up prices for everyone who doesn't work in that field.

JD Martin · Answer

I don't buy into a bunch of them. People with boots on the ground will probably say otherwise, and there are certainly deals to be made everywhere, but most of those Rust Belt cities have underlying economic difficulties that the article is giving short shrift. And I never believe "official" unemployment figures, as the data ignores some pretty strong factors such as the underemployed and the masses who simply quit looking for work.

10 Cities with housing shortages....leads to rent increasing?

10 Cities with housing shortages....leads to rent increasing?

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