Skyrocketing Rent Prices are Not Helping the Homeless Situation
"While rents are up as much as 23% from last year across the country according to a new report from Rent.com, Oregon's figures are even worse.
Consider that the average rent rose to $1,600 in 2021 from about $1,000 a month, a 54% increase, according to the website."
This doesn't come as much surprise though. Most of your average Americans have struggled with this for most of their lives; living paycheck to paycheck. The looming fear of losing your home is one that has been a constant for decades. It's no surprise then that we as a society are seeing these kind of results, as unfortunate as they are.
According to the Portland Business Journal rent prices in the month of February for a one- bedroom apartment are up about 30 - 39% from that of last year. That number is ludicrous and it isn't just here in Oregon. Washington has a seen a 20% increase and some parts of Idaho are at nearly a 60% increase. The amount of people suffering from homelessness is expected to increase with prices not coming down anytime soon.
Posted By: Jerek Rauch
PORTLAND BUSINESS JOURNAL
https://www.bizjournals.com/portland/news/2022/02/16/portland-rent-rising-prices.html#:~:text=Consider%20that%20the%20average%20rent,per%20one%20Rent.com%20page.
KOIN NEWS
https://www.koin.com/news/oregon/will-rent-prices-continue-to-surge-as-pandemic-fades/
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