The city of Denver has tens of millions of dollars at its disposal to prop up people who are behind on their rent and at risk of losing their homes. That heap ofdidn’t stop new eviction filings from hitting a level last month not seen since before the pandemic began.
How these two facts exist side by side is a matter for debate for city officials, service providers and apartment industry analysts. Rents in Denver are up 9.9% since the start of the pandemic, according to Apartment List. Average rents in the city were up 14.7% year over year as of the end of March, according to Apartment List’s tracking. That’s actually lower than the national year-over-year increase in average rents, 17.1%.
Drew Hamrick, senior vice president of government affairs for the Apartment Association of Metro Denver, said that eviction filings have remained largely stable in Colorado for the better part of two decades, never rising above 50,000 in a year and never falling below 36,500. The apartment association only tracks eviction filings statewide and did not have data at the city level. Hamrick said trend lines are generally the same in the city and state.
In the rental housing industry, evictions are an ugly but necessary part of doing business, Hamrick said.
Source: Law Daily Report (lawdailyreport.net)
WHAT IN THE HELL!! Renters are expecting the landlord to cover their rent. What have you been smoking. NO RENT NO HOME!!!
Truly you deserve every moment of your next curse. Because apparently one wasn't enough.
They want us to live ten to a home five to a bedroom.
I just want to say as someone who struggles with roommates, preferring living alone, it's impossible to keep up with this shit. It does make you want to do crazy things to get out of it, like live in a tent. I returned mine today. 'Not gonna do it.' Other options? RentStrike2022
Hmmmmmm?
But RepJoeNeguse says the unemployment rate is 3.6%.
Crisis is normalcy under capitalism, dopes
Denverites, is what you voted for. The policies of the Democratic Party and their radical agenda have consequences. The more you complain the easier it is to blame you.
Worsening crisis. Republicans gave the Uber rich huge tax cuts to buy up all the houses with so we’d be at their mercy. Republicans want plantations and kingdoms to return.
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