236 National Financial Literacy Month- Day 29 -Rising Apartment Rent and Increasing House Prices

A recent news broadcast states rents jumped twenty (20%)  in
the U.S amid the housing shortage. Rental prices are soaring with
the average two-year change coming in at 20% or higher, here is a
breakdown by city:


Two-Year Rental Increases by city:


Miami  +58%


Tampa  +45.8%


Orlando  +34.7%


Jacksonville  + 29.2%


Memphis + 41.4%


Riverside, CA +48.2%


Las Vegas  +34.4%


New Orleans -+34.4%


Phoenix - +29%


There is no projection for when the rental increases will subside
due to the shortage of affordable housing for people. The home
building industry is impacted by the increase in the price of
lumber and a shortage of home builders. Rents will continue to
increase in this all-cash buyers market.


There will likely be more homelessness in the near term because
the average citizen cannot pay a $1,100 increase when renting a
house, government intervention is required in matters such as
this. 


Learn about Paul Lawrence Vann's digital Financial Fitness
course, it is being offered at a 50% discount throughout the
month of April, National Financial Literacy Month, here is the
link:  https://bit.ly/3dbperG