Investigators: Rental scams rampant in hot housing market
Scam tracker: Spotting rental rip-offs By Jessica Jaglois | May 3, 2021 at 8:44 PM CDT - Updated May 3 at 10:35 PM
MEMPHIS, Tenn. (WMC) - New data shows Memphis needs more than 30,000 additional rental units in order to house all the people who need affordable places to live.
Lack of inventory coupled with the COVID-19 pandemic has put a strain on the housing market and many renters are falling prey to scammers.
Donna Boyce was looking for a new place to live and thought she’d found a house for $500 per month on Facebook Marketplace.
“When you saw a house for $500, what were you thinking?” asked the Investigators.