Why lower-income renters in Austin are struggling to find affordable housing
PBS News Hour - Segments
PBS NewsHour
4.1 • 1K Ratings
🗓️ 22 June 2024
⏱️ 7 minutes
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| 0:00.0 | The latest inflation numbers show that nationwide rents have cooled from historic eyes, |
| 0:06.0 | but it's not reaching every rental market or every renter. |
| 0:10.0 | Austin, Texas is one of the places where rents are showing a downward trend, but lower income |
| 0:15.1 | families there say their rents are often staying the same or even going up. |
| 0:19.9 | Blair Waltman-electson of Austin, PBS, tells us who's getting a deal in the Texas Capitol |
| 0:25.2 | and who's not. |
| 0:27.2 | Mr. Lai Lue Jaime's had achieved that rare dream in Austin, |
| 0:32.0 | finding an apartment that was close to everything she needed. |
| 0:35.4 | It was close to the library, close to the grocery store, close to my daughter's school, also from work. |
| 0:45.2 | It was the best. |
| 0:46.2 | I was close to everything. |
| 0:47.7 | Now I feel like I'm going to use a lot of gas. |
| 0:50.6 | She's worried about burning gas because soon she will be moving about 45 minutes outside of town. |
| 0:56.0 | She's leaving because her rent's gone up and she can't afford to stay. |
| 1:01.0 | I used to pay $1,040 and suddenly that was raised to $1,530. It doesn't seem fair to me that after |
| 1:10.6 | so many years they simply raised the rent so much that we have no other |
| 1:14.4 | option but to leave this place. |
| 1:18.0 | But reports show that rents are going down in Austin. |
| 1:21.3 | A study by Rent.com showed rents dipping more than 12% year over year. |
| 1:26.0 | Yes, it's not all bad. |
| 1:28.0 | Jake Weggman is an associate professor in the Community Regional Planning program at the University of Texas. |
| 1:34.0 | We were flooded with headlines about how all of America was moving to Austin and |
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