Has nothing to do with people living in the apartments (for many years). They're being evicted or moving out with nowhere to go. I was lucky to find an exceptionally nice (brand new) apartment complex (over 55 ; low income required)
Thousands of people are going homeless. Ask Metropoltan Ministries in Tampa. They'll tell you.
I don't believe HOUSING, being a fundamental human necessity, should be anywhere near the free market, and this current situation is the perfect example of why. As a conservative Republican, I applauded Trump;s many deregulations of 2017, but this is a whole nother ballgame.
The reason why apartments renting at the rate s that they are is because we have a POTUs whose brains are falling out of his head, combined with him pandering to the progressive lunatics of his party. This has him opening up the Mexican border (217K apprehensions of illegal aliens in March ; 67K gotaways), all of whom are being allowed in, and even airlifted to Tampa. Many of these people are from vrious countries, are wealthy, and can afford high rents. The poor ones from Mexico, just cram a dozen people into an apartment, and split the rent. So, increases of these magnitudes are flying.