Letter to the editor: Rental market woes
Prescott could be facing another economic down-turn if the soaring real estate and property rental market is any indication! It's definitely a landlord/homeowner dream-come-true when the tri-city can no longer meet the housing needs of good folks, many good tenants who are employed, hard-working and honest. We renters are in a Catch-22 that leaves us in the desperate situation of being priced out of the rental market due to rapidly-rising monthly rent here. What are we to do when landlords who own older rental units have rented their units for years on end without making improvements (i.e. replacing soiled, old, worn-out carpet, painting walls, cleaning the apartment after a tenant leaves and making badly needed repairs) yet the rent is raised on a vacant unit to "keep up with the market". The affordable housing market is in "crisis" when supply no longer meets the demand; when 20, 40 or 50 inquiries made for one house or apartment. People are clamoring to find a decent apartment that they can afford.
We understand the business of making a profit. What has happened to doing business with integrity and treating people fairly? We enjoy living and working in Prescott and want to continue doing so. Let's work together to bring rents back to an affordable level and ease the stress.