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cashforhousesmacongeorgia · 2 years ago
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Learn More About Sell My House for Cash Macon Georgia
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cashforhousesmacongeorgia · 2 years ago
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Housing headaches: Macon's affordable housing shortage drives prices through the roof
Bidding for a home in Macon, Georgia is competitive and often times stressful - just like many other cities across the United States. According to Pew Research Center, this conundrum has become a disruptive issue for both renters and buyers alike. The most up-to-date information shows that active listings are at their lowest rate in five years - an astonishing achievement! Clarena Hoskins, a realtor at Gateway Realty Professionals, is an expert in selling homes and has seen first-hand the fervent competition for houses on the market. "Right now the market is hot period," Hoskins said. To get to the root of why inexpensive housing in Macon is so hard to come by, WGXA's Ereina Plunkett investigated and discovered the truth. "A lot of people that are coming to Macon were under the same assumption that houses are cheap," Plunkett asked Hoskins. "The way the market is right now interest rates are rising and [with] the pandemic you would think that would slow it down but it didn't," Hoskins responded. Hoskins then highlighted that we are currently in a market climate of robust competition, which heavily favors landlords and property owners. "They want your income to be at least three times the monthly rent, and in some places, they require you to put down the first-month deposit, and last month deposit and a security deposit," Hoskins said. While the renter's market may boast of more options and flexibility in terms affordability, a staggering 24% of Georgians who are looking to rent fall within an extremely low-income bracket according to National Low-Income Coalition. As the Macon-Bibb Economic Opportunity Housing Specialist, James Baker is fighting to help low-income tenants in an increasingly competitive rental market; however, he finds himself between a rock and a hard place due to rising costs and inflation. "We saw two bedrooms go from $650 to $950, $950 meaning that we cannot help you if you get a two-bedroom, because it is not a fair market rate," Baker said. Adhering to the government regulations determining fair market value, the council regrettably cannot help anyone with housing costs that exceed what is deemed reasonable. According to Baker, the many difficulties surrounding affordable housing make it an arduous process for renters. "Since the pandemic, housing has been some of the hardest things to get right now. The difficult part of it, is you have to have three times the income, good credit, and no evictions," Baker said. Did you know that the average market rent cost for a one-bedroom apartment in Macon is currently $872 per month, according to the National Low-income Housing Coalition? Staggering isn't it? With costs continually increasing, Baker stated. "In Macon-Bibb County, we've got outsiders coming in buying up our property, and they're doing Atlanta prices in Macon, Georgia. This is still Macon, this is not Atlanta, this is not California, so the pricing has gone up three to four times," Baker said. Regrettably, he confirms that even the most disadvantaged are unable to find success in their pursuit. "Even with Section Eight vouchers, landlords are still checking your credit, and if your credit isn't good they won't even let you use the Section Eight voucher anymore. That is unheard of," Baker said. According to Baker, the small supply of available apartments makes it nearly impossible for voucher holders to find a place within 120 days. Baker predicts this troubling trend is only going to get worse. "I look at films every day on YouTube and I look at LA's Skid Row, if we don't do anything about housing we are going to have a Skid Row in Macon, Georgia."
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cashforhousesmacongeorgia · 2 years ago
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Cash For Houses Macon Georgia
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