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Rents are out of control

January 13, 2013

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....

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(11)

JackAaah

Jan-17-13 4:55 PM

.....I'm hoping one day soon, the bank will inadvertently give me one of those trillion dollar coins.

What a gift that would be.

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disgusted

Jan-16-13 8:07 PM

JayBird Jan-15-13 9:25 AM Agree | Disagree

It's letters like these and the comments to understand the Teapublicons way of thinking. They'll defend a land lord gouging a working mom any day of the week, all year long, as long as it's about making more moeny.

I guess it is better for property owners to not pay their mortgage, insurance, property tax, etc so the city can seize the property.

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disgusted

Jan-16-13 5:28 PM

What does your lease state? Homeowners often have repairs and don't always have money or time or access for immediate rememdies. Again, I see you have made several changes in your lifestyle choices.

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kasaltus

Jan-15-13 10:26 PM

Not stuck in a service position. Salaried, civilian GOV employee. I live within my means, yet when rent increases an avg of $50 quarterly, eventually there is a cap. Increases are not uniform with remaining 7 tenants. Significant increases have occurred after air conditioning broke (temporarily supplied a window unit and still waiting for the new unit), garage door broke and was replaced, requested consideration for svs animal, injured in common area when step broke causing back injury (loose step previously reported by another occupant)all of which within a few weeks of reporting received notification of rental increase. I disagree that someone would view rent as simply shelter. Rent is to aid in coverage of a mortage, property tax, repairs, fees & services of managing property then as well a profit. The temporary answer is a part time position that works around career, long term is too continue applying for employment elsewhere within civil service. Thank you all for your opin

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JackAaah

Jan-15-13 2:59 PM

I just feel the government should mint one of those Krugman trillion dollar coins, then buy up ALL rental property in Minot, and give them out as gifts to us ALL. Should cover ALL rental property in ND, actually.

....gifts for all, all except for the rich, of course.

3 Agrees | 3 Disagrees | Report Abuse »

disgusted

Jan-14-13 8:21 PM

"maintaining apartments (isn't that what I pay rent for?),". I am afraid your rent is for shelter. Repairs can be extra. Especially now when labor costs continue to go up. I am not sure what your repairs were, but that along with property tax can cause increases. It sounds like you have sacrificed alot.

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WorriedAmerican

Jan-14-13 10:08 AM

The recent flood and the oil boom did cause a big demand in housing and caused massive shortages and is the reason for the price hikes on everything! Several Slumlords are taking advantages of this opportunity to gouge their current renters because they know if they don't pay they can get someone that will! Extortion that is perfectly legal this day and age!

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locomotive

Jan-13-13 10:21 PM

It is simply supply vs. demand.

And welcome to the oil boom.

It is what it is.

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socialismsucks

Jan-13-13 7:29 PM

ask your landlord how much he pays in property tax and you'll see where a large percent of your pmt goes. and the county is guaranteed their money or they will take the property. landlord can't do that if he doesn't get paid. i used to be one, it wasn't worth the hassle.

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muleskinner

Jan-13-13 12:19 PM

A person should be able to meet all of there living expenses, no matter what kind of job they work. You have to work, it should pay to be able to live a decent life.

People moved here to escape too much traffic, living costs that were too high, the hustle and bustle of urban living, and with that ever increasing movement, it has become something they thought they were escaping. Welcome to the 21st century.

There are landlords in Minot that do not take advantage of their tenants by charging exorbitant rates and have good renters because of it.

Not all of them gouge.

6 Agrees | 2 Disagrees | Report Abuse »

dollarbill

Jan-13-13 9:58 AM

That is why they call Minot "the city that gouges. Check the motels prices.

6 Agrees | 0 Disagrees | Report Abuse »

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