[Vision2020] Rent Prices Was: Sen Schroeder

Fri Feb 20 08:36:56 PST 2009

A young friend of mine is a student at Idaho and lives in a house with 5
other girls. With all due respect to my friend, the house they rent is in
horrible shape, and they pay more than what my brother pays for a similar
sized house that overlooks the lake (beautiful views from the wrap-around
deck) near Seattle in the city of Shoreline. While not all property
management companies are taking advantage of renters, some are (though I
suspect that is the case anywhere). College towns seem to be more inflicted
by rent inflation than other areas (fair or not). Comparing Moscow to Boise
or Coeur d'Alene isn't realistic; Boise isn't a college town-neither is CDA.
You pay to live in a town that has accessibility to more cultural events and
entertainment as well as to higher learning. 

Jennifer L. Ingalls

  _____  

From: vision2020-bounces at moscow.com [mailto:vision2020-bounces at moscow.com]
On Behalf Of Donovan Arnold
Sent: Thursday, February 19, 2009 7:58 PM
To: Chasuk
Cc: vision2020 at moscow.com
Subject: Re: [Vision2020] Rent Prices Was: Sen Schroeder

Here is what is on Craigslist.

Feb 18 - $950 / 4br - <http://pullman.craigslist.org/apa/1040825616.html>
Older home 41/2BR 11/2BA - (Public Ave, Moscow)

Feb 15 - $1395 / 4br - 5 <http://pullman.craigslist.org/apa/1036354824.html>
Bath House, Pet/Horse OK - (Colfax) pic

Jan 29 - $1395 / 4br - 4 <http://pullman.craigslist.org/apa/1013041656.html>
Bed, 5 Bath House, Dog/Cat/Horse OK - (Colfax) pic

Jan 21 - $850 / 5br - <http://pullman.craigslist.org/apa/1001751033.html>
Large home for rent - (Garfield) pic

Jan 20 - $1195 / 4br - <http://pullman.craigslist.org/apa/1000840245.html>
828 N. Grant - (Moscow) pic

Average the house price for a 4 bedroom home: $1097

Add in WSG and electricity which most renters have to pay in homes and that
is over $1200. Most the homes in Moscow are really old too, built before
dirt was invented. 

If you buy a house, the average mortgage in Moscow is almost $200,000, which
means a monthly payment of $1200 or a month unless your have a high down and
a 720+ FICO.

The apartments you have lived in Chas, were in all honestly, not that nice.
I have seen them. Some smell like dog sh*t and cat piss even, and plenty of
smokers around, I kid you not. I have been to almost every apartment complex
in Moscow, and unless you are living in subsidized housing, you are paying
at least $550 a month for a large one bedroom or two small bedroom one bath,
or you are living in something small or nasty. Most of them are older
apartments too, around for my parents or when my sister was a Frosh at UI. 

In the Treasure Valley and Magic Valley, and most other cities in Idaho, you
can rent a newer three or four bedroom 2 or three bath home for $850 and in
some places $700 a month that has a two or three car garage and and about
1200-1600 Sq.ft. That is the common rate. Not a beat up 50 year old house on
a gravel road next to a wheat field with a one legged dog that chases your
pickup every time you drive down your driveway. 

In addition, the average household income in Latah is below $26,000 a year,
although it is slightly higher in the city. This is much lower than in other
parts of the state. So you have higher housing costs, and lower income.
Which is why so many people in Moscow are living below or just over the
poverty level. 

Best Regards,

Donovan

--- On Thu, 2/19/09, Chasuk <chasuk at gmail.com> wrote:

From: Chasuk <chasuk at gmail.com>
Subject: [Vision2020] Rent Prices Was: Sen Schroeder
To: donovanjarnold2005 at yahoo.com
Cc: vision2020 at moscow.com
Date: Thursday, February 19, 2009, 7:16 PM

On Thu, Feb 19, 2009 at 18:08, Donovan Arnold

<donovanjarnold2005 at yahoo.com> wrote:

> I am sure we have heard more. And so they wonder why rent is $1200 a month

> in Moscow and $700 a month in the Treasure Valley,

Rent is $1200 a month in Moscow?  That certainly isn't an average, or

even the mean.  I've never paid more than $600 a month in Moscow, and

I've lived in some pretty nice apartments.  I'm renting a 4 bedroom

home now, and I don't pay $1200 a month, or anywhere near it.

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