Wayne Kiser is a clock collector. He has more than a dozen clocks, all of which have different shapes, sizes and colors. Some are over 100 years old. Most of them are hanging on his living room wall while the rest are sitting on a shelf. The clocks show that time doesn’t stand still for anybody, even for Kiser. Early next year, the 64-year-old said he must decide whether to sell all his clocks or give them away. The new owner of the mobile home park he lives in just outside Puyallup is raising the rent. That means Kiser and his neighbors are deciding whether to sign a new lease or leave. He and other tenants say they’re facing a more than... Read More
Same false narrative as the above article. A simple Bestplaces.net review of Puyallup, WA shows the median home price of $499,500 and a three-bedroom apartment rent of $2,470 per month. The new mobile home park lot rent is $805 per month. That’s right, it’s 66% less than the apartment rent. Yet somehow the article claims the rent is exorbitant. It’s not. Not even close, In fact, it’s ridiculously cheap based on actual math with no optics attached.
Instead, like the above article, the truth is that the residents who are living on $1,000 per month of social security should not be living in an area this expensive. If you are retired you have the ability to live anywhere free from any need for employment, right? So why would you live in an area with prices this crazy high? You could move to Missouri and live on $1,000 per month all day long – but NOT in Washington or California.
The other part of this story should maybe be that social security is not nearly enough to live on at $1,000 per month, right? But the social security program is essentially insolvent so it can’t give any increases.
The bottom line to this is that nobody likes the rents going up, but people have to be realistic in their expectations of housing in retirement. That’s the true narrative in this story.