Saturday, March 25, 2006

Biggest Rent Hikes in Five Years

The Chicago Sun Times reported yesterday that rents will rise by 3% to 11% this year. The years of the renters are over and we are moving into a landlords' market as landlords pass on to renters the increases in housing values and taxes. Condo conversions are making rental units more scarce, pushing up the prices. This is another hit for those who cannot afford to own their own homes. Isaiah 65:17-25 describes God's vision for the "New Jerusalem".
"They will build houses and dwell in them; they will plant vineyards and eat their fruit. No longer will they build houses and others live in them, or plant and others eat." (verses 21 and 21)

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