Name: Rent in the Inland Northwest is soaring, and tenants feel powerless to stop it
Uploaded: 2021-08-19T18:00:10+00:00
Duration: 37 min 17 s
Description: 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 ove

4 years ago

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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