When the property market turns 'crazy'
Renters flooding US market as many cannot afford to buy while owners selling for big profit
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Soaring prices. Competition. Desperation. The dramatic conditions for US home buyers during the past year are now spilling into the market for rentals.
Landlords from Tampa, Florida, to Memphis, Tennessee, and Riverside, California, are jacking up rents at record speeds. For each listing, multiple people apply. Some renters are forced to check into hotels while they hunt after losing out too many times.
