Exact(18)
With rents high and jobs hard to come by, it's no surprise that people are doubling up.
Lunazul also rents high- quality shortboards, longboards and softboards for beginners, and runs trips to nearby secret spots.
"Capstone's strategy was to buy the building, bring rents high and then sell the building at a higher price," said Mr. Rovt.
For some of these buyers, costs are low enough and rents high enough that they can turn a nice monthly profit.
It has high rents, high living costs, high labor costs for skilled workers — all those things can kill a start-up," he said.
It is a story playing out across Silicon Valley, where restaurateurs say that staying afloat is a daily battle with rising rents, high local fees and acute labor shortages.
Similar(42)
The travel service Lloyd and Townsend Rose rents high-end homes and, well, castles throughout Britain at rates starting at roughly £25,000 (about $39,500) a week.
Gentrification in any color makes similar impacts — rising rents, high-end merchants, displacement, home renovations — but black gentrification has an emotional texture far different from the archetypal kind, both for residents and for newcomers.
But you'll find that the rental market has tightened considerably, pushing rents higher.
In the meantime, many residents still struggle to pay rent as developers build new housing to drive rents higher and price average workers out of their own neighborhoods.
The rooms are usually tiny and the rent high.
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