The car rental industry in Miami is in a state of flux.
The city’s economy is growing, and new drivers are making more and more money, but many landlords are struggling to find tenants.
The latest rental statistics showed the number of renters declined by more than 10 percent last year.
In some areas, it’s gone up by more like 15 percent.
But in others, it dropped by less than 10.
Renters in the city of more than 100,000 are among those in desperate need of a new place to live.
“When we got our first house, it was $1,500 a month, and now it’s $1.00,” said John Coughlin, a real estate agent who’s been renting out his Miami house for about four years.
“I can’t keep it for that long.
I can’t afford it.”
Coughlyn said the economy is improving and rental prices have gone up, but that the problem remains that many people who need housing aren’t finding it.
And that’s making it hard for landlords to get a hold of new renters.
In Miami, a city of 1.5 million, there are about 6,000 rental units, according to the city’s Department of Housing and Urban Development.
Most are concentrated in the affluent areas of downtown, and many have a median age of 65.
Many are older and have lower incomes.
Many renters are in their 30s and 40s, and some are single parents.
But the problem is worse than that.
The number of renter-occupants has fallen from 2.5 percent of the population in the first quarter of this year to 2.2 percent, according in the latest data.
In the city where the median income is $45,500, it drops to $34,000.
And many older renters in the boom years are finding it harder to find affordable housing than younger ones.
They can’t make rent, but they’re stuck on their parents’ or grandparents’ mortgage.
And they often have no other options, such as taking on student debt or making rent on their own.
That’s made it harder for landlords like John Cufflin to find a place to rent to people who are able to make it on their wages.
“They have to be paid minimum wage,” said Cufflins’ brother-in-law, who asked to be identified only by his first name, David.
“That’s the reality, and I’m not going to make a big deal about it.
It’s the norm.”
But the situation isn’t that simple for all of the renters.
The problem is not limited to Miami.
Nationwide, more than 400,000 households are renting, and a quarter of all renters are people who have lived in the United States for at least 10 years, according the Bureau of Labor Statistics.
Some of those are young professionals looking to build their income.
But there’s also a growing pool of older renters, who are struggling financially and are often not able to find places to live because they can’t find work.
The government statistics show that, on average, renters ages 55 to 64 have a household income of $43,000, but the federal government says that number could be much higher because many people in their prime working years earn more.
In 2014, the average household income for those under age 55 was $52,936, and the median household income was $62,000 for those over 55.
The average household size was 4.7 people.
A few years ago, it might have seemed like it was a given that older people were more likely to be renters.
But that’s not the case anymore.
As the median age increases, so does the number and size of older people who own a home.
According to the BLS, the number grew from 3.6 million to 4.4 million in the past 10 years.
The most common age in the home ownership market is 65.
More and more of them are renting.
The percentage of older adults renting has grown from 12.5 to 18 percent of all homeowners, according Census data.
And it’s growing even faster among renters who don’t own a house at all.
“It’s been more and it’s going up faster than the rest of the country,” said Robert Gagnon, a senior vice president with HomeBuilders.
“A lot of people are just waiting for the rental economy to get back to normal.”
A lot of them aren’t.
to the American Society of Civil Engineers, the rental vacancy rate in the U.S. has been at or near a five-year low since 2009.
The last time it was this low was in 2007, when it was at just 2.8 percent.
That means more people are living in homes they don’t use.
It also means more homeowners are losing money on their mortgage.
According a study by the Urban Institute and the National Association of Realtors, the national vacancy rate has dropped