Why rents are rising in Houston even as the housing market cools

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Rising rents are key reason why inflation is running rampant in Houston.

Alex Spike, tenant organizer with Houston Tenants Union and Socialist Alternative, poses for a photograph at his apartment complex.Nora Diaz Arroyo spent almost three months searching online for an apartment she could afford before recently hopping into her car to drive around Houston looking for for-rent signs. Nine hours later, the results were the same as her online search: unsuccessful.

“On paper, yes, I’m making more but I’m spending more, so saving for a new apartment has been difficult considering the prices of everything has gotten higher,” said Diaz Arroyo, a 21-year-old flight attendant. “It’s a struggle finding a reliable, safe apartment that’s not just like throwing your wallet out the window.”

“I’ve talked to coworkers and friends in other fields,” Diaz Arroyo said. “They’ve also had the same issue of not being able to keep up and having to move back home or having to find like multiple roommates.”Pressures are only expected to build on renters as consumer prices, including rents, are rising faster than their paychecks. In a survey of 1.

 

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Houston has the highest inflation rate in the nation at 9.5!

Not just Houston. Everywhere!

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