'Nowhere else to cut': Seniors face 14% rent increases, in homes they own

[Yo_Mama_Been_Loggin]

BOTHELL — In 2004, Susan Lockyer bought her manufactured home as a retirement plan.

Moving from Seattle slashed her monthly housing costs from $900 to $425.

Lockyer, 78, would still be paying “lot” rent, like many other manufactured home owners who lease the land under their houses.

With a Social Security payment of $1,419, she thought she could afford the rent increases, only $10 to $30 each year.

“This was a good plan. And it was a good plan for 18 years,” she said. “Until (GSC Investments) bought the park. The first thing that happened is the rent was raised $100. From $620 to $720.”

https://www.heraldnet.com/news/nowhere-else-to-cut-seniors-face-14-rent-increases-in-homes-they-own/

More vulture capitalism.

[Trailrider1951]

1. No paywall link:

https://archive.ph/9Lx8I

Thanks for posting this!