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PBS News Hour - Segments

Why lower-income renters in Austin are struggling to find affordable housing

PBS News Hour - Segments

PBS NewsHour

News, Daily News

4.11K Ratings

🗓️ 22 June 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

Rents nationwide have cooled from historic highs, according to the latest inflation figures. Austin, Texas, is one of the places where rents are showing a downward trend, but lower-income families say their rents are often staying the same or even increasing. Blair Waltman-Alexin of Austin PBS reports. PBS News is supported by - https://www.pbs.org/newshour/about/funders

Transcript

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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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