When news broke last week that a San Francisco woman’s rent was increasing by 400% (yes, you read that right, 400%), we all clutched our
pearls and muttered through clenched jaws, “Only in the Bay Area.” Except it’s not. While
the Bernal Heights woman’s situation is somewhat nuanced and unique
(her place had been rent-controlled, but the landlord got the building
rezoned so those regulations would no longer apply), the issue of skyrocketing rent is affecting people across the country. In 2014, rents nationwide increased an average of 3.6%, and nearly 11% over the past three years, Read more.
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