Florida rents squeezing most
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Affordable housing crisis puts South Florida families at risk of dislocation
Mere feet away from her front door, cars zip past the shoebox efficiency Stephenie Collie has been renting for $900 a month in Miami’s Liberty City. In a few months, she might need to fork out a total of $1,100 for the approximately 250 square foot space she shares with her two children.
That comes out to a 22 percent rent hike.
The prospect of having to fork out an additional $200 a month for the small space in one of Miami’s most crime-stricken areas is indicative of an eye-popping explosion in property values and rental costs that is leaving many locals scrambling for affordable places to live.
Read the full WLRN story here.