Up until recently, it was hard to find an apartment with a full kitchen and bathroom in Houston.
Now, there are just one or two exceptions to that rule.
The apartment buildings in the heart of downtown are among the hottest properties in the city.
The city is already losing $1.4 billion a year in rent and another $2 billion a month from damage from hurricanes.
In the first six months of 2018, more than 1,500 apartments in the uptown area of the city were lost due to damage from a storm, according to the Harris County Property Casualty Association.
That’s up from a year earlier, when there were fewer than 200 properties affected.
And many of the damage occurred as the result of human error and a lack of insurance coverage.
For example, in the first two months of this year, more apartment buildings were destroyed in Houston than any other time in history, according the Harris Property Casualties Association.
The problem of low vacancy rates, which are a key indicator of the market’s health, has made it harder for people to find affordable housing.
According to the Houston Business Journal, only about 20% of Houston’s housing stock is currently vacant, a number that has declined steadily over the past two decades.
“This has been an ongoing problem for the city for a long time,” said Robert Johnson, the president of the Houston Development Corp., which manages about 1.4 million square feet of real estate.
Even with some new housing construction, the shortage of apartments has created a major backlog in the rental market.
Houston rents have risen by more than 50% since 2010, according a report from the Harris Co. This year alone, the city’s vacancy rate jumped to 2.3%.
The vacancy rate has been steadily increasing for several years now.
That means a person who rents an apartment would need to pay rent for three years before they can move in.
The average rent in downtown Houston has climbed about 10% per year since 2011, according an analysis by Zillow.
If you want to be able to afford an apartment, you’ll need to move into one, Johnson said.
That means if you want a one-bedroom apartment in the area, you will need to find a new tenant.
“There are just not enough rental units,” he said.
“The city just doesn’t have enough units.”
But for people like Marcy Brown, who rents a two-bedroom house on a street corner, the situation is not quite as dire as it once was.
“We can’t afford to rent our place.
The rents are so expensive, it’s just crazy,” she said.
Brown lives in a one bedroom apartment with her husband, a nurse, and two kids.
Brown said she has been trying to find other ways to pay the bills and has not been able to find anything.
It is not uncommon for apartment owners to ask tenants to pay extra for utilities and maintenance.
But she said they have been unable to find anyone who can afford it.
Brown said she was surprised when the city allowed her to stay in her apartment, but when she went to the property appraiser, the appraisal said it was worth $2,000.
She said she didn’t pay the rent.
Brown told KHOU-TV she plans to fight the city in court.
Many residents in uptown have experienced similar difficulties.
In November, a woman from downtown Houston told KHou that the city is trying to raise the rent for her apartment by about $600 a month.
When she tried to pay that rent in October, the apartment owner told her she was not paying the rent due to the hurricanes, but the city had to make an extra payment because of Hurricane Harvey.
“They told me to pay for the hurricane because I was trying to stay out of the flood waters, but then the hurricane hit,” the woman said.