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Renters raising cost of rent to absurd levels

MrDawn

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What are your thoughts?
For the first time in years, Billings mother Angie Schmidt felt like she was finally on stable ground.

“This is the first time in years I’ve been on my feet,” she said.

She’s been in her two-bedroom apartment off Grand Avenue for 13 months, but now she faces uncertainty after the complex was sold.

“My biggest goal is to not be homeless between here and the next place,” she said.

After all, she’s trying to keep a stable home for her son, 9-year-old Skyler.

“He’s number one, I can’t work more hours and still get him what he needs,” she said. “Basically, I live paycheck to paycheck to make that happen.

Schmidt isn’t alone in living paycheck to paycheck, so when she learned her apartment complex was sold and the rent would increase, worry set in.

“They canceled out the lease and they said if we wanted to stay it would be $1300 a month,” she said. “They increased it by 85 percent.”

She says back in March she learned the complex was purchased by Duane and Tiffany Youngren of Billings.
 
As much as people don't like it when landlords raise rent, look at it from the landlord's perspective: for most landlords (emphasis on most) most of that rent money goes right back into the properties they own, whether they be apartments or homes or trailer parks.

They also "forget" that until a year ago, there were Covid-19 related rent freezes, which meant a lot of landlords got zero rent for that time, all while having to pay mortgage on the property, taxes, etc.
 

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Welcome to Offtopix 👋, Visitor

Off Topix is a well-established general discussion forum that originally opened to the public in 2009! We provide a laid-back atmosphere, and our members are down to earth. We have a ton of content, and fresh stuff is constantly being added. We cover all sorts of topics, so there's bound to be something inside to pique your interest. We welcome anyone and everyone to register and become a member of our awesome community.

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