Friday, February 10, 2006

Fewer Rentals, Higher Rents

Lesley Conn's top-of-the-front-page headline article, FEMA To Charge for Trailers is good news for some 2,000-plus people still homeless nearly 17 months after Hurricane Ivan, even though the agenc hasn't yet set rents.

Pensacola continues to feel the effects of Hurricanes Ivan, Dennis, and Katrina. One of Conn's sources says "about 1,000 rental units in the market that were reasonably priced units that are not coming back." Another reports some apartment buildings are converting to condominiums or selling out to nearby businesses. As a ride around town shows, there also are many multi-family dwellings that still have not been repaired.

Living in a FEMA trailer is no picnic, but it's better than the street.

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