Kimberly Sheridan, Minot
Rentals in Minot are becoming outrageous and folks like myself are being priced out of the area.
IMM has continued to increase rents quarterly. Initially, it was $10 to $20 and the past two years has jumped $50 to $75 each time the envelope arrives in the mail. Their justification is an increase in property tax, cost of operating and maintaining apartments (isn't that what I pay rent for?), increased demands from lenders, vendors. Yet services have been cut back dramatically.
The past two years my rent has jumped a total of $350. It appears that each time something broke or needed repair...within a few weeks that letter came in the mail for the increase. If the rent jumps again I will not be able to afford it and will be forced to move. At this time have no place to go. I have cut services like home phone, internet and recently cable in order to afford the increase. I do not work in the oil industry nor does my employer provide a housing allowance. What about us? When will the rates drop or stop rising? The apartment is far from new yet IMM wants to charge rates of the newer apartments/condos. I have even looked into purchasing a home but the prices are outrageous compared to southern states.
Suggestions? Direction? I am disappointed they are taking advantage of folks.