Today, the Orlando Sentinel reports that a study released by the National Low Income Housing Coalition, an organization that advocates for rent control, shows that rents in Orlando are not affordable.
Study: Orlando workers can’t afford rentsBy Mary Shanklin, Orlando Sentinel3:13 p.m. EDT, March 13, 2012
Orlando’s now-cheaper home prices have made the area one of the most affordable housing markets in the country, but don’t tell that to the area’s minimun-wage earners.
Like other metro areas in the state, Orlando is not affordable for renters on the bottom financial rung of the local workforce, according to a new study released Tuesday by the National Low Income Housing Coalition. Florida was the 15th-most-expensive rental market, given starting salaries in the state. Read More
Before we start calling for government officials to fix this ‘crisis’ by passing regulations to make rent more “affordable”, let’s remember that it was government, in the name of “affordable housing”, that gave us the housing bubble from which we still haven’t recovered.
Listen to Economist Thomas Sowell explain why rent control policies are not the solution: