Michael Scuito

By TYRONE TOWNSEND Renters continue to engage in bidding wars as Americans struggle to find affordable places to live. The demand for rental properties is growing due to rising mortgage rates, increasing inflationary concerns, and supply chain problems. Michael Scuito is a Savannah, Georgia, resident and an Army veteran who says he had to rearrange his budget to fit the current rental market. In 2020, he moved into a two-bedroom, two-bath apartment and was paying $1,575 a month. Later that year, the price was raised by over $200. “I live in one bed and one bath, paying $1650 a month. That’s not including utilities. I’ve constantly rearranged my budget to adjust to raising rent, food, and gas prices,” Scuito told…