ENG122 Essay Rough Draft.docx - Running head HIGH RENTAL COST 1 Low Income Versus High Rental Cost Rough Draft Jennifer Peshoff ENG122 English

ENG122 Essay Rough Draft.docx - Running head HIGH RENTAL...

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Running head: HIGH RENTAL COST 1 Low Income Versus High Rental Cost: Rough Draft Jennifer Peshoff ENG122: English Composition II Instructor Holly Ledcke July 23, 2018
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HIGH RENTAL COST 2 Low Income Versus High Rental Cost: Rough Draft Lake Charles, Louisiana is a hidden gem and a wonderful city to live in. The people are friendly, the food is wonderful, and there are many things to do and see. Lake Charles has been to home to many chemical and gasoline plants since 1936 (Lane, 2008). We are currently experiencing an industrial boom which is bring more people to the area. According to the Mena Report (2018), “Louisiana is ranked number two in south for economic development results” (pg. 1). While property owners will make larger profits, local businesses are closing because income is not rising fast enough , rental cost has increase 43 percent over the past year , and families have less money for entertainment . Local businesses are closing soon after opening in the Lake area. When a new business opens in Lake Charles, such as a restaurant, most of the community gathers for the first several months. Then the business owners start to estimate their business revenue for the rest of the year on these high sales amount. Then when the restaurant business dies down to the normal amount of business they soon close. Some businesses have found success while others are failing because of higher rental rates or the city population moving to different parts (Rust, 2018).
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