BIDENFLATION: ‘We have a problem’: $800 rent hikes squeezing metro Phoenix tenants.

Kathleen Black is facing a 50% rent increase on the older three-bedroom central Scottsdale apartment she shares with her four kids and father.

“My apartment’s management is upping my rent by $800 a month,” said Black, who moved from Goodyear to Scottsdale in 2020 after a divorce so her children could go to school with their cousins.

“That will take almost 100% of my income, and my father is on a fixed income,” she said. “Our apartment isn’t that nice.”

Metro Phoenix tenants struggled with some of the biggest rent increases in the U.S. during 2021. But 2022 is turning out to be an even worse year as a growing number of landlords raise rents by more than double last year’s increases.

www.azcentral.com/story/money/real-estate/2022/03/15/metro-phoenix-families-face-us-biggest-rent-increases/6886155001/

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