60 Minutes' Lesley Stahl visits a Northside rental owned by Toronto-based Tricon Residential | 60 Minutes, CBS News
Published on March 22, 2022 at 5:49 am
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A young couple recently moved to Jacksonville, planning to buy a starter home. Instead, they find themselves still in a rented apartment 18 months later and now facing a 30% increase in their rent.
And though rent is now so high that they are cutting back on groceries, the dream of home ownership feels increasingly out of reach.
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Meanwhile, international companies are snapping up starter homes in Jacksonville, sight unseen, with all-cash offers and waived inspections.
Jacksonville’s competitive housing market got a national spotlight on this week’s 60 Minutes from CBS News.
The story, “Would-be home buyers may be forced to rent the American dream, rather than buy it,” follows the couple, as well as a local Realtor, who says selling houses these days is as easy as picking up the phone.
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