This is the Ramsey Call of the Day, part of the Ramsey Network.

Meredith is in Tampa, Florida. Hi, Meredith. How are you?

Hey, I'm doing all right. How are you?

Better than I deserve. What's up?

So, found out last night that my rent is going to be increasing by 62% once my lease is up.

Good Lord.

50, yeah, to 1,700 a month.

So I'm currently working the baby steps on baby step two.

And I wouldn't be house poor per se.

I would still have a little bit but my shovel

would be drastically dented that's pretty amazing yeah so you're paying what like 1100 now

yeah 1100 now were you under you think you were under the market before or the market has just

jumped that much I think maybe a little bit of both honestly I feel like like've looked around since then, and it looks like everything in this area.

Like, people are just flooding to Florida. And so I think, I think it's just driving up.

And most things are comparable to the 1700 amount that's coming around.

So you either move down in quality of house or location or you accept the increase.

Basically, yeah.

And a lot of the apartment complexes around here are income restricted, so it makes too much to move there, but also will be pretty strapped here.

So wanted to get your input. Would you sign the lease, given the way the housing market is?

The only thing I would wonder, the caveat to that, is if I don't sign the lease and I go months to month,

it's a $100 difference, which I feel like it's pretty low for not signing the lease.

So I don't know if it seems like maybe it would be best to hold off, pay the extra $100 a month,

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