As has happened in Florida, rents have skyrocketed in Puerto Rico. In 2017 the average rent for a two-bedroom apartment was $504, but in 2022 that price had risen to $2,990.
A report has revealed that various FOMB advisors have troubling conflicts of interest. One of them has as a client a company that owns half of LUMA Energy.
Since LUMA began operations on the island, blackouts have become more frequent, several of them wide-scale, and electric rates have increased seven times.