Also in this playlist...
This transcript is automatically generated
Rising cost of -- now forcing many Americans -- shack up with their friends -- -- -- that's a trend now spreading across the country and hitting folks especially hard.
In cities like Denver Colorado.
Police -- works there -- is live now good morning.
I good morning -- -- according to the US Census Bureau.
About 30% of American adults are now doubling up -- in order to make housing affordable that's a rate not seen since the depression.
And if folks aren't looking for a roommate finding an apartment is no treat either.
We're back -- on the hunt for a new place I could definitely at -- always tomorrow.
-- -- the landlord tried to raise her -- by 14%.
It was negotiated down but she says it's still too high.
But that's not shocking at all we do get calls from some people in the public through.
Are concerned about that as well Ryan -- Macon with the Colorado division of housing says finding a place to rent in Denver is getting harder and price year.
Companies tracking real estate nationwide are finding even if folks can qualify for a mortgage.
Many are worried about another housing bust the result more people are being pushed to rentals so was vacancy rates shrink the average rent is going up.
Landlords are well within their ability.
-- -- well within their legal rights to push -- right now if they think the market can bear it.
Places like Boston San Francisco Detroit and Orlando almost every major metro area and the country's sovereignty increases in the fourth quarter of -- eleven.
Doctor Ron -- of the university of Denver and conducted a study that found why it's a landlords markets its.
We have not been building many apartment complexes -- apartment units over the last handful of years.
-- take some time to catch up as far as permitting and actually building days.
Now lower income folks say they feel especially stuck because -- can't really afford the rents but they'll they say they also can't qualify for a mortgage backed isn't fascinating time for so many reasons at least -- -- in Denver.
Filter by section