We’re not shy about the need for more housing options in the valley; in the words of that oddball New York political candidate a number of years back, “the rent is too damn high”, but one could also lump home prices in that bucket as well. And as we like to remind you, the best way to reduce those is … Read More
Rent Costs Being Discussed in Scottsdale City Council: Are We Actually Making Progress?
We don’t need to tell our regular readers: rent costs are an issue in Scottsdale. We have broken the top 10 nationally, in rarified air with our big city brothers and sisters, and the stories of longtime residents being pushed out of their homes due to egregious jumps in rent are shameful and unfortunate. The Scottsdale City Council has been … Read More
How Big is the Multifamily Housing Issue in Scottsdale? Now We Know
If you read this blog regularly, we don’t have to tell you: the rental crisis is real, it is truly rearing its ugly head in Arizona, and while multifaceted, one of the biggest drivers of it is a shortage in supply. This is why we’ve been shouting from the rooftops about the need for additional housing supply, and there are … Read More
More Signs of the Rental Crisis – Rent Heads Up Over $800 a Month in Scottsdale
You almost certainly know that we have been on the forefront of calling out the rental crisis in Arizona. Scottsdale is now in the top 10 nationally when it comes to rent increases with no sign of abatement. While it is easy to look at numbers and percentages and marvel from an academic perspective, when you look at real life … Read More
Scottsdale in Top 10 Nationally for Rent – When Will We Learn?
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