Florida rents squeezing most
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.