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#690 - Rent in the Inland Northwest is soaring, and tenants feel powerless to stop it
News For Reasonable People
English - August 20, 2021 11:00 - 37 minutes - 25.9 MB - ★★★★★ - 7 ratingsInvesting Business Entrepreneurship san francisco trending news protests defund the police antifa blm seattle conservative republican journalism Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
On July 1, Melody Deatherage arrived home after work to find a notice of rent increase on her door.
She'd been expecting a bump in rent, but this was far beyond what she'd imagined: an increase of over $500 a month, effective Sept. 1.
And if Deatherage, 65, refused to sign a lease under those terms, then Hilby Station Apartments would increase her rent again to $2,350 — double what she's currently paying.
Deatherage, who works in human resources for a nonprofit agency, says it left her without options. She can't move, since the vacancy rate in Spokane is so low. But paying an extra $500 alone is a significant change.
Join your host Sean Reynolds, owner of Summit Properties NW, and Reynolds & Kline Appraisal as he takes a look at this developing topic.
https://www.inlander.com/spokane/rent-in-the-inland-northwest-is-soaring-and-tenants-feel-powerless-to-stop-it/Content?oid=22143658
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