US Justice Department accuses six major landlords of scheming to keep rents high
The U.S. Department of Justice has accused several people of trying to keep Americans' rents high by using algorithms to help set rents and privately sharing confidential information with competitors to increase profits. He is suing the landlord. The lawsuit was filed as renters in the United States continue to struggle in an unforgiving housing […]
NJ man Mohamed Ibrahim rents NYC, Toronto billboards to find wife
This New Jersey man is taking his search for a wife to a new level. Mohamed Ibrahim's potential marriage is advertised on billboards from Times Square to Toronto. “I promise I'm not an idiot” was one of the adorable phrases posted along with his beaming face. Mohamed Ibrahim, 30, advertises his potential marriage on billboards […]
Mass Immigration is Driving Up Rents for Americans
The admission of millions of foreigners, many of them illegal, under President Joe Biden and Vice President Kamala Harris has led to higher rent costs for working- and middle-class Americans, expert witnesses testified before Congress on Wednesday. Steven Camarota, Research Director, Center for Immigration Studies said The House Oversight Committee argues that immigration levels are […]
Mass Migration Drives Up Rents, Welfare Rolls, Car Crashes
The arrival of thousands of Haitian immigrants in Springfield, Ohio, led to an increase in welfare recipients, higher housing costs for local residents, and a surge in car accidents. A combination of the federal government's Temporary Protected Status (TPS) program, President Joe Biden and Vice President Kamala Harris' parole pipeline, and record levels of illegal […]
DOJ accuses tech firm RealPage of enabling landlords to collude on rents
The Department of Justice has sued real estate technology company RealPage for allowing landlords across the country to use its software to illegally raise rents for their tenants. The shocking lawsuit, filed jointly by eight states – California, Colorado, Connecticut, Minnesota, North Carolina, Oregon, Tennessee and Washington – alleges that RealPage helped landlords fix prices, […]
DOJ sues software firm, alleging pricing algorithm enables landlords to raise rents
The Department of Justice (DOJ) sued property management software company RealPage on Friday, alleging that the company’s pricing algorithms allow landlords to share sensitive pricing information and increase rents. The lawsuit, joined by attorneys general from North Carolina, California, Colorado, Connecticut, Minnesota, Oregon, Tennessee and Washington, alleges that RealPage violated antitrust laws by restricting competition […]
Growing number of Americans with jobs are homeless thanks to ‘fast-rising rents,’ inflation: Report
Rising rent costs and soaring inflation are resulting in a growing number of Americans who have jobs but still don’t have homes. The Washington Post Local shelters and volunteer groups have found an increasing number of people with stable jobs becoming homeless, and one Tulsa organization reported that a lack of affordable housing is the […]
Dear Mr. Fed Chair Powell Sir, Rents Are Blowing Out and People are Hurting
In 34 of the largest 100 cities, rents spiked by 15%-28%. Tenants get to pay for your reckless monetary policies that made the wealthy far wealthier In January, the median asking rent for one-bedroom apartments increased by 10% or more in 56 of the 100 largest cities in the US, compared to a year earlier. […]
Monthly rents across country continue to rise in June: Report
US housing costs are rising again Zumper’s National Rent Report. According to the report, the national average rent for a one-bedroom apartment increased 1.5 percent in June to $1,526, while the national average rent for a two-bedroom apartment increased 1.9 percent to $1,900. “The continued monthly upward trend in the national index, combined with […]
Biden’s Mass Migration is Skyrocketing Rents, Housing Costs for Americans
Former President Donald Trump said President Joe Biden’s administration has seen a record influx of illegal immigrants into the United States, causing rent and housing costs to skyrocket for Americans. In a speech in Phoenix, Arizona, on Thursday evening, Trump focused on the Biden administration’s plans to turn the U.S.-Mexico border into European-style checkpoints, allowing […]