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“Milwaukee is a prime target right now for a predatory type of landlord,” says Habitat for Humanity executive as rental prices skyrocket

Melissa Barclay by Melissa Barclay
March 23, 2022
in News, Wisconsin's Afternoon News
“Milwaukee is a prime target right now for a predatory type of landlord,” says Habitat for Humanity executive as rental prices skyrocket

HOUSTON, TEXAS - FEBRUARY 07: A 'For Rent' sign is posted near a home on February 07, 2022 in Houston, Texas. Since March 2020, the estimated median rent of new leases has increased by double digits in several Texas cities. The increase in sales prices has made it more difficult for people to buy a home, as a result increasing the number of people looking to rent. (Photo by Brandon Bell/Getty Images)

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MILWAUKEE, WI- Affordable housing is becoming increasingly harder to find, not only around the country but here in Milwaukee with inflation taking it’s toll and single family homes being snatched up by big investors.

Milwaukee Habitat for Humanity Executive Director Brian Sonderman says one of the problems he’s seeing is out of state investors coming into Milwaukee, buying up housing and maximizing their profit.

“They don’t care about tenants. They don’t care about the neighborhood,” said Sonderman. “It has a ripple effect on our community. It’s very prevalent on the north side of Milwaukee.”

Sonderman says landlords are sometimes raising rents in double digit percentages.

“Milwaukee is a prime target right now, for what I would see as a predatory type of landlord.”

Click on the audio player above to hear the full interview.

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