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Rent in the Inland Northwest is soaring, and tenants feel powerless to stop it
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.
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