IMO, I think the price gouging on rents on STX is getting absurd! Those of us who have been on island renting for years will be priced out of the rental market.
Thirty-nine for a 2br, 2ba condo? In the past few years I’ve rented two absolutely gorgeous homes both with huge sea/harbor views, over 3500 sq ft/ with pools. One was 2600/mo the other 2500/mo.
I just can’t see any justification for the rents being raised that high. Even when Hovensa was fulling operating before a sale was on the horizon, rents were never near that high.
This is just my opinion. Maybe others feel differently.
Rents are up across the nation. Here it's a combination of relief workers and the fact that the refinery wants to fast track. When we came down in 2000 it was hard to find anything under $1500 because they were building the coker. For those wanting "rent control", buy something and control the rent... It's supply and demand. How many condo owners had nothing coming in after the 2012 shutdown? My 2 cents... Make hay while the sun shines.