We have been shouting from the rooftops about the rental crisis here in Arizona and the inadequate responses from local leadership (and overreaching responses from Legislative leadership). If you’re a regular reader, this is nothing new to you. But now us here in Scottsdale have reached new heights in this regard; just not necessarily in the right way. According to … Read More
The Rent Crisis Hits Low Income Areas – Will Progressives Finally Push for More Housing Options?
Rents are increasing all around the country, but most exorbitantly in Arizona, with three AZ cities in the top 20 for highest increases in rent in the country over the last year. This is nothing new for us here at APG, we’ve been sounding the alarm for a while now. But as time goes on, we wonder what catalysts will … Read More
Guest Editorial: 20 Applicants for Every Vacant Apartment
By Larry Kush I recently read an article in a nationally published apartment industry report called Rent Cafe, which stated that Scottsdale” renters struggled to find an apartment in our city where they met an awful mix of high occupancy rates of 96.3%, and 20 applicants competing for every vacant apartment that on average, stayed available for just 25 days.” … Read More
Econ 101: How to Solve the Valley’s Housing Crisis
I believe that we have a pretty sophisticated readership here, a subscriber base of highly educated people. As such, I assume many of you who are reading this have taken an Economics class or two. If you haven’t, I’ll explain one very simple principle: supply versus demand. Simply put, when supply of a good or service remains steady but demand … Read More