‘My bill keeps escalating’: how Toledo, Ohio, became the epicenter of the US housing crisis
Friday, February 13, 2026
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Kwiona Sprott, a Toledo resident, faces escalating bills after moving into Executive Towers, a luxury apartment complex, for $851 a month, highlighting the city's growing housing crisis.
Thousands of homes in Toledo are being snapped up by Limited Liability Companies (LLCs), leading to rising rents, increased fees, and deteriorating living conditions for tenants, according to a report by The Guardian US.
The crisis is exemplified by Executive Towers, built in 1963, which boasts luxury amenities like a gym, swimming pool, and heated underground parking, but now represents the harsh reality of unaffordable housing in the US, with tenants struggling to make ends meet.
