Katelyn Nassar (@katelynfletcher), a 25-year-old living in Austin, Texas, shared the video on May 5. In her post, Nassar claimed her monthly rent was increasing from $2,200 to a whopping $4,678.
What’s worse, the alleged email, which seemed to be asking Nassar if she wanted to renew her lease, began with “Congratulations.”
“The audacity to write ‘congratulations’ in the email,” one TikToker commented.
TikTokers had strong reactions to the clip. Many couldn’t believe it was true.
“It’s gotta be a typo,” another user commented.
“Where are all these people getting the money?” another asked.
Some suggested that the new listed rent was legitimately an error, or what Nassar would be paying if she leased on a month-to-month basis. Others, though, found the alleged increase painfully, relatably true.
According to the Washington Post, rent prices were raised by a whopping 11.3% in 2021, with increases continuing in 2022. In some cities, the price hikes were even more severe.
In fact, a recent analysis by Redfin determined that Austin, where Nassar lives, was home to the biggest rent increase of the past year. From December 2020 to December 2021, prices rose 40% on average.
With prices rising and inflation still near 40-year highs, renters like Nassar have used TikTok to share their frustrations.
In late 2021, a New Yorker went viral for sharing how her rent increased by a full 50% — from $4,200 to over $6,000. Then, in a clip similar to Nassar’s, another New Yorker claimed her rent was jumping from $2,500 to $4,360.
As Redfin’s study shows, New York is also one of the cities most affected by rent increases, with average prices jumping 35% in a single year. Other areas in the top 10 included Miami (34%), Jacksonville (31%) and Portland (29%).
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