The affordable housing crunch in Columbus is growing by the day and you can see one of its causes at the corner of Lane and High just off-campus.
Located there is the shiny new Wilson Place, where (trustafarian) Ohio State students can rent a tiny 2-bedroom with a 24-hour concierge for $2,400-a-month.
No doubt the Scott Schiff-owned property – yes, the ambulance chaser who is also one of the largest property owners around OSU – is putting upward pressure on the cost of off-campus housing.
Negatively affected is a huge number of not-as-fortunate young adults in need of affordable housing.
The invasion of over-priced apartments has caused local market price, which was once affordable, to overheat. And as the region continues to boom both economically and in popularity, greedy landlords can’t resist but to overcharge.
For Central Ohio the average cost of rent has risen from $758 in 2013 to $942 in 2018, according to local real estate research firm Vogt Strategic Insights. The apartment-finder website Rentcafé states 55 percent of Columbus residents rent, compared to 46 percent in 2006.