Rent prices in Atlanta climbed 2.9 percent over the past month, according to a brow-raising new report by online rental marketplace Apartment List.
Intown rents are also up nearly 19 percent since this time last year, after ten straight months of increases followed a brief decline last November, the report said.
These price hikes put the median rents in Atlanta at $1,407 for a one-bedroom and $1,416 for a two-bedroom.
This is the sign of a bubble, not a crisis. There’s a difference.
Overall the population of the U.S. isn’t increasing as it did. There are simple ways to let air out of the bubble, using the tax system. We should also be encouraging more owner-occupied housing, which leads to safer, more stable neighborhoods.
Property taxes increasing exponentially -50% not uncommon
Lets look in the mirror