AG suing Arizona landlords for 'corrupting' market, colluding to keep rents high
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- Опубликовано: 27 фев 2024
- Arizona's attorney general claims owners of apartment complexes in Phoenix have colluded with a software company to inflate rental prices.
Read the story: www.12news.com/article/news/l...
The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of financies and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
Personally, I can connect to that. When I began working with Amber Angelyn O'malley a fiduciary financial counsellor, my advantages were certain. In these circumstances, I would always advise getting professional help so they can steer you through choppy markets and just give you indicators and strategies for knowing when to enter and exit the market.
For you to grow your portfolio in today's market, you really need to be coachable and willing to get off your high horses. I for example, have managed to grow mine from $150k to 300% of my initial deposit within the past 8 months just by copying trades from a broker that has better skillset and technical know-how than me.
I won't pretend to know everything, though. Her name is Sharon Ann Meny but I won't say anything more. Most likely, you can find her basic information online; you are welcome to do further study.
This is happening all over the USA, not just Arizona
Yep. Very true. They got sued in San Diego too but other states seem to be quiet.
@@user-cr1iz8fw6h America is a shadow of its supposed very thing its up against.
@@user-cr1iz8fw6h well yes politicians are also investors as well....
Yes, but at least AZ is doing something about it.
@@Joe-no7gs
Yet, I haven't heard our president mention it.
This is NATIONWIDE and should be handled the same way NOW!!
Absolutely! Needs to happen now! In Tennessee!
oh it will. just cause they outsource rental price setting to a third party doesn't change the fact that they all worked together thru the same third party to raise prices for everyone. brilliant lawsuit and theyll win. and of course the third party is incentivized to raise prices if they get paid by commission on the value of the rental
nope, if you don't like the rent raise, simple just move
When you don't have a car, live in a rural area or in an area outside the city limits and don't have any family around, moving is hellacious.
@@zero0fnine but that doesn't mean we force the landlord to rent a rent they feel is too low
Too bad we can’t sue Zillow, Realtor, and others for doing the same thing in the housing market.
Why not?
Yeh it's a tough on the buyers, however the sellers aren't complaining....
Blackrock, Vanguard, etc
Yeah the housing market is insane. What usually costs $400 like for under $100,000 is now like $900 a month. And all the properties even in Texas where I used to look all the time that were like two to $300,000 are now over a million. It is just crazy. So pretty much everything in Texas with more than half an acre is in the millions of dollars and the property taxes each year on that are insane Because of the price of the house the property taxes every year cost you like 10 + $1,000 sometimes like $30,000 a year I mean come on that's somebody's salary per year. That's why everybody stop buying houses for a while except for the super rich. It's just insane.
@@davidlaney6153The sellers aren't getting any buyers with crap like that for houses
I read the entire 54 page court document today. This is some deep stuff that has overtaken the entire country.
Fight back. You could do damage to the properties of landlords/ rent corporations that operate like this to keep them occupied.
Shatter leasing office windows during a rainstorm. Press plaster or clay into keyholes for maintenance rooms. Slingshot lightbulbs etc.
@@_B.C_ Sweetie, you're talking to yourself right? Go troll somewhere else. Please get from under my comment.
@@_B.C_ they'd just increase the prices even more to pay for damages.
Can you please post the case name/other information so I can find it?
@@terenarosa4790 then people leave and they can’t get new tenants due to the high prices. It’s a war of attrition.
Corporations need to be prohibited from owning residential property.
Youre an iron fisted tyrant and your solution is not the solution
You do know if this happened their would be no apartments worth more than $500k.
@@WalkerOneGood
@@WalkerOneno apartment should cost that much,it should be commodity accessible to anyone
No appartmen other maybe a big metro city should be expensive. It should be a stepping stone living area at a reasonable rate so that a family can begin and eventually grow out of there. @@WalkerOne
My family and I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are absolute buys.
it’s a personal decision, but Forbes announced that housing activities will remain stagnant for the most part of the year, so maybe hold off a little.
there are Ai companies that are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I.
this is all new to me, where do I find a fiduciary, can you recommend one?
“SONYA LEE MITCHELL” is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up.
Sonya lee Mitchell is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Greystar and Weidner should be sued for this. They have corrupted the pricing market so bad here in Williston ND that what was a 700$ apartment is now 1200$. And thats for a single bedroom. Meanwhile the properties are 10 years old and falling apart or kept up poorly. Overun with dog feices, broken doors, ruined and muddy hallways, fans that are loud, and just a shocking amount of unveted people.
You literally just described my town too 😂 here in yuma az it's the same but imagine dealing with that and the border and very high unemployment. I barley made it but I'm overpaying on rent because I have no choice my kids and family need a place
I work for the company just below greystar in AZ and i fully confirm the above comments. UNVETTED people is alarming.
It’s in every state
they can choose to raise rent as much as they like, and you don't have to stay....
@@someguy6762 That's advocating for people to always have to pay more or be homeless. There needs to be justification for the prices and constant increases. And there isn't which is why they are getting sued. Its collaborative price gouging. And that has always been illegal. Doesn't matter the front. be a better human being please, instead of whatever naive trash made the response you gave to me.
This is a housing cartel
that's antisemitic
@@smplfi9859?
@@smplfi9859yup ✡️
That's why she called it a cartel in her speech.
@@smplfi9859please look up the definition of antisemitic and try again.
My rent has gone from $740 a month to $1275 a month in less than 4 years!!!!
So has everything else you've bought.
Blame the Democrats in California. They're making it so bad there, people are flocking here.
skill issue
And if you voted democrat in the last election you are the cause of it.
@cydzview Found the bootlicker 🤢
Sounds like every state's Attorney Generals should be looking at this.
What a great attorney general!
Its crazy that companies are even allowed to do this. They're literally causing humanitarian problems
I never thought i’d see a politician standing up to the landlords. Renters everywhere need someone like this.
"I'm from the Government, and I'm here to help" are NOT words you want to hear...they're doing this for their own reasons.
@@DxBlackYes, government sucks but let’s trust corporations instead🤣 Reaganomics screwed us over
@@DxBlack It's election year. But that doesn't mean we can't take advantage of opportunities to get help as citizens. I'm Republican and still support the Attorney General. This housing crisis in Arizona is a nonpartisan issue.
It's a shakedown. Huge fine. No reduction in rents.
@@user-cr1iz8fw6hcorporation are bailed out and supported by government that’s why suck
Corporate landlords are out of control. Buying up all the properties to drive supply down, later renting high claiming its because of high demand.
The rich have no rules. They may do as they wish. Ma$+3r$ and $l@v3$. That's just how it be.
On top of that, requiring a household income of rent times three regardless of the renter's rental and credit history. Seniors and those who make low wages, which is over 50% of the country, cannot even qualify. Then you wonder why there are so many homeless across the country while illegals get it all for free on our dime. Plus, the poverty level is so artificially low that most of those people never qualify for any sort of assistance.
There's a giant donut hole of those who don't make enough for housing, yet make too much to qualify for any sort of aid. Meanwhile, they are still paying taxes that fully cater to illegals who never paid in one red cent.
Then they get a large amount of the population to feel sorry for them whenever laws are passed to try to protect tenants “boo hoo, I am being forced to treat humans like humans.”
We all need to pool our resources and buy land, build tiny homes, and get out of rentals.
@@Bingewatchingmediacontentthere’ll buy up the tiny houses too you genius
Then on top of that there's been millions of iIIegaI aIiens pouring in to the country which further drives prices up. These corporations simply don't care about the average American just trying to live their life, they just want to make more and more money regardless of the effect it has on people
Applauding this AG for taking action. There are others in other states doing the same thing.
I applaud the apartments for raising rent to market value, make your investments profitable you are a not a charity
After this report was filed by the Arizona Attorney General, The Department of Justice filed a statement backing the Attorney General and in support of tenants.. This is happening all over the country, and they had to know it, so why did it take the DOJ so long to say something about this?
I dunno, why did they hide Hunter Biden's laptop? Lots of corruptions all across the country. the rot starts at the top.
It’s time for Congress to ban private equity from owning residential property. It should have never gotten to this point.
Congress doesn't make state laws. Genius...
Fed and state congress are both beholden to these companies. Do you really think they will do anything? No.
You want all housing to be government owned? Look at the Post Office. My mail comes weeks late if at all anymore.
@@chriskoschik391
Nope. That’s why the media & political figures keep drawing a line in the sand and telling people to pick a side. It’s meant to keep us divided and gives them a convenient excuse not to legislate on issues that matter.
Yes!
This is amazing. Everywhere in America is having this problem and I'm glad to see people are standing up to it at least somewhere.
The wealthy always win.
Nothing will happen. Rents will level off and ridiculous levels and never go down. They have already told us this.
Yeah its everywhere but no one talking about these companies were so readily able to scoop up so many properties? The federal government bankrupted normal landlords during the pandemic who ended up selling asap as they were hemorrhaging money, federally stopped from evicting tenants who were told they dont have to pay by the government.
The guy who owned the complex i lived at owned 5 complexes had so sell them all because of the pandemic, now they all conglomerate owned and worse for it in every way.
@@billbillinger2117 the worst part is, private equity companies like blackrock then take YOUR hard earned rent money to buy controlling shares in influential companies to push DEI.
This is a huge conspiracy and the pandemic was just the first domino to fall.
@@billbillinger2117 and yet the sheeple scream for the govt to "do something", they already have, they colluded to buy up all the good properties! lol. And yet they vote for more laws against the common man, and the sheeple vote for more again and again...
Do not worry, the govt will ease your suffering, just one more time vote for me!! I'll fix it this time, I promise!!!
About time. These realtors and real estate companies are price gouging housing that’s not worth the price. I’d seen management companies claimed they’re leasing luxury apartments that’s rundown, unsafe, and outdated.
Don't just blame realtors for housing...the actual homeowners are price gouging. They find the realtors that will sell at that price. Most homeowners are greedy as well.
This administration is putting many families in difficult situations. A lot of people are financially struggling to live, put a roof over their head and put food on the table. Things are getting worse these days, if you don't find means of multiplying your money you might wake up a day to realise you didn't plan well for yourself and family.
I agree with you and I believe that Professionals are currently dominating the market since they have access to both the necessary strategy for making money in this industry.
That's awesome to hear. I invested 5k in Robin hood about a year ago and it steadily went down, now my portfolio is down to $800. I don't know what to do and i am in between jobs
@@Florencecoxx Understanding your financial needs and making effective decisions is very essential. If I could advise you, you should seek the help of a financial advisor. For the record, working with one has been the best for my finances.
I’m Glad i stumbled on this. Please, if its not too much of a hassle for you, can you drop the details of the expertise that assisted you and how to get in touch...
@@Florencecoxx I get guidance from *Sarah Alma Martinez* Most likely, the internet should have her basic info..
George Carlin said it best “you don’t need a formal conspiracy when interests converge.”
Yep. And now he's proven correct because there is a formal organization the bozo in the white house is part of.
I miss George Carlin so much. Even today his material is still relevant. Proof he was right all along
Explains MAGA chuds 😂😂😂😂
I love George Carlin. He was a modern day prophet.
common sense overlooked by people desperate for an explanation
My rent went from $740 to $1600 in six years. I got out last year and now they are charging $2400
When i moved in this apt 4 yrs ago it was 1100 Now its 1600/ Month
Damn, that's about the rent here in NYC in my neighborhood. Sure you get more house for the rent but does that even matter when you can barely afford the rent? I'm pretty sure wages are on average, lower in Arizona than in NYC
@@Demopans5990 it was a two bedroom 1 bath apartment and minimum wages are $15 an hour here.
Jesus Christ, dude! 😬
I came into a 2 bed 1 bath apartment on so cal, near the beach, in a great city, at $1500 in August of 2017. Next month my rent goes up another $100, and I'll be paying $1850.
Find a private owner, they usually aren't raising your rent every year, and want good, long term renters.
Edit: the units here that are run through property management companies are currently charging over $2600 for the same exact unit I have.
Rented an apartment from Greystar. They advertised it as 1000 base for the 540sqft. They kept adding random charges with no explanation at will and never disclosed energy prices that we were being charged for, along with a bunch of services that we didn't even want/didn't work (valet trash that never came, PO box for packages that just made everything more complicated). Ended up paying $1750 in the summer months, despite us being very careful about A/C and water usage. We ended up unable to pay once we got sick in October and have since been evicted, and despite going homeless for about a month, I'm still glad it happened because we were getting downright scammed.
I’m so sorry this happened to you hope your well and safe somewhere
Arizona is out here standing on business. Love to see it. ❤
Remember everyone that was selling their homes the first person to contact you was an investment company. I excluded them with a clause in my selling contract.
I will let them think they can buy it so they come to me. Makes the job easier.
Good on you man.
Good for you!
"Housing cartel" is the best way to describe rental companies
kinda like governments moniker is the 'mafia'...
The court documents literally call them cartels. That's what they are. I was told Katie Hobbs is in cahoots and cartels run the majority of real estate in AZ. But I didn't know how. After reading the court documents I understand now.
@robinsonfamily3948 sounds like her.
No, it’s allegedly the best way to describe the property management companies in the lawsuit.
Just because one group of people does something, it doesn’t mean you can blame all the similar people.
The news story here is biased AF, and they do it to get you angry, create rage, and attract viewers.
There was no monopoly, and it’s a small group of landlords, and the intent has yet to be proven (though it looks ugly for sure. Watch again and listen for how they hype the facts with divisive language that doesn’t really apply.
Shame on this channel.
@@nunyabidness3075 Sounds like a few nerves got pinched. Sorry to burst your self-righteous bubble friend, but I couldn't care less. Landlords of all types are known for exploiting people. The nickel-and-diming is just worse and harder to fight when it's through a rental company.
it's literally the worst state to be a renter in. thank God the AG has a pair
It is more astounding Arizona government is investigating this than the fact this was going on in tbe first place!🫤
you can always move if yo aren't happy with your appartrnt
OH, OK! I live in Minnesota and rent has doubled in the last decade. we're too poor to afford a $1000/month mortgage so we have to pay $1100/month in rent to the owning class. that makes sense, right?!
@@someguy6762oh i forgot to factor in _wages_ ... rent has doubled and wages have trickled up from
@@mckymcobvious3043 that's not the landlords fault,
It’s about damn time somebody, anybody, did something to reel in these greedy scam artists. You get ‘em AG!
She was funded by them. THis is pure theater. She is using this to enact legilstion to drive out private landlords and enable more of these companies.
need them to raise every year...!!
I lived at an RPM property. They won't give you a lease until about a week before your current lease expires. That way if you don't give notice 60 days ahead of time they have you by the balls and you are forced to accept whatever they come up with at the last minute. If you move out and don't give notice they screw you by trying to force you to pay extreme fees and hit your credit file with it.
Yes, RPM runs all Tides apartments as well. We have had extreme problems and have no way of getting out of our lease and we get charged unknown fees. Channel 15 won't do much. I've emailed so many times. Not one answer back. They don't care. Noone realy cares.
EVIL!!!
That’s so grimy…
I'm glad we didn't move into their property. I filed a complaint against them with the BBB and Attorney General last year for their illegal practice of racking up on application fees and denying the applications. I'm glad to see them included in the lawsuit.
@@robinsonfamily3948the BBB doesn’t do anything and never has
People should file a class action lawsuit in conjunction with the AG criminal prosecution. The reverberation would be deafening to these companies!
Plot twist: almost all of these corporate rental agencies forbid you from joining a class action lawsuit. If it wasn’t already standard practice, i wouldn’t be surprised if RealPage mandated it in order to use their services.
Forced arbitration is another invention of repugnant republicans and the rich.
Thank-you Attorney General!! Absolutely disgusting what greed does to people.
These rates are insane!
you want ppl to pay really high interest rates, but not raise your rent?a profitable rental property is not greedy, its called being smart
We already need a follow up on this one!!!
It sounds like the software company is creating a sort of blind magic box collusion where the rental companies enjoy plausible deniability.
Evil
Exactly.
They always have. The company I worked for back in 2009 used that software and I saw it was a.scam back then.
Zillow Rentals be looking at this case like: 👀
I worked for a software company that offers a similar feature. Any customer running its HR software can enroll in a program where it gives permission to the software company to access its HR data, scrub it of personal identifiable employee info, and provide analytics to all customers enrolled in the program. Data includes employee salaries, ages, education level, years of experience, etc. So a company in the retail industry can see that other companies (running the software) with x number of employees are paying their accountants with x years of experience x dollars per year. It's called benchmarking.
This is happening all over the country and every AG in every state needs to look into this scheme practice by landlords and corporation LLC. Talk about disgusting and harming Americans.
I think at this point its CA, AZ, WA, CO, and ID. A scary group of AGs for any business to deal with.
@@MrVirus9898 Add OR to the list. They came up with rent control in Portland, but it was too late when they implemented it. Rents had already gone up too much. If you're paying $1500 - 2000 per month and your rent is raised 10% each year, that's too much.
You're absolutely right
Democrats are working to help the situation.
@@MrVirus9898considered our last AG here in California (Harris) kept people in prison to use as slaves for fighting fires, I agree.
The same folks who raise rental prices also hate the homeless. Imagine.
That's incorrect. What are you gonna say next? The spoon made you fat?
When is she going to sue the insurance companies for raising rates 30 percent? Or maybe The Insurance Commissioner for allowing it? Cause and effect folks,
Hello everyone, I am a landlord with a small apartment building in Nome Alaska. I bought the complex 6 years ago, after moving to Nome. Collusion between landlords and realtors is real. I was told I had to raise my rental prices because I had to. I refused to do this, was immediately a pariah to the other landlords. In a community where jobs period are hard to find, as well as affordable housing. I barely make ends meet, doing hand up not hand out housing. I will continue to have my rents, set a $1,000.00 cheaper than the rest of the greedy landlords.
Maybe this scheme is what is driving construction of overpriced poorly built apartments on every vacant lot.
Poorly built is right 😮!!
There is major market manipulation happening right now with large corporations buying up thousands of homes cash and raising rents sky high and basically letting people go homeless if they don't pay top dollar.
love love LOVE watching corruption being called out left right center and every which way. keep it up people, record audio video everything. bravo.
for sure Phoenix is not the only city they are artificially increasing their prices. price fixing is happening in every city.
@@dwb-ss3hpnot a coincidence for sure, Klaus said they would make sure we could not afford to have anything and be happy. they control the currency, they have control of the food supply and jobs, there is no hope for our children and grandchildren, young people can't even afford to have their own apartment. depression in young people is a symptom of the tremendous pressure and hopelessness that is being inflicted upon us all.
it's to drive Whites back into the city centers, which has been working in every major city, gentrifying root word is gentry, gentry is a classist word meaning, ownership class directly under nobility, could be shop owners, farm owners, or just people who outright OWN. in essence, when we hear gentrifying this literally means that the rental units are transformed back into a full single family house, condos, or some other variant for outright ownership. The properties transform from inner city rental unit to being outright sold for full ownership. This outcome plays into another effect dubbed 'the great remigration' which implies that blacks are returning to the south, which it proves. they are losing relative share in California and in many places outright losing population, like Portland, whos city center has gotten Whiter as prices and quality of life drive a new ownership class into the city. In a way having your city centers being owned gives them much more accountability and vitality. White flight is a disingenius accusation against Whites, that outright excludes jewish Levittown conspiring to sell their new suburbia style housing which would also massively drive the economy. so they used lawfare to destroy White communities (Fred Vinson ruled zoning covenants couldn't be enforced by the courts, as they previously had been, because the 14th amendment, it stands unjustly and was novel because the 14th was passed after the civil war some 80yrs prior, and the men who passed it lived in race covenants themselves.) and jewish realtors would scheme to sell houses to blacks in many specifically White historic communities, which made an unsafe community filled with race vengeance and animosity in nearly every community where planned injection happened, they selectively chose bad people to inject as to drive sales in the new Levittowns. Anyways, this policy corrects that. Phoenix suffered little of that, like Maryvale or South Central. Whites are the only ones who had the housing stock, because their houses are now worth a million from their 120k purchase 20 years ago. They can afford to recover THEIR HISTORIC city centers. ALL inner cities are historically White neighborhoods. This is part of that correction. We gave the tribal Indians all their own tribal nations and lands. It's time we deserve our own again. I'm not against others having their own cities, but understand that Whites deserve many of their/our own cities. You can have mixing cities, but you still need to realize they/we deserve their/our outright own cities. If we could acknowledge that, we wouldn't be in this long process of market manipulation to drive demographics positioning, Asians are choosing suburbia now, so the last factors are bringing back safety to the inner city, which inherently means criminals need to go. which means blacks are gonna dwindle out of the cities. which I think everyone will be fine with, expect them. But as for Arizona, move along and get over to the Good Ole South. Their engines are spinning up again. I heard Georgia is pretty nice. Maybe go back to Mexico if you're Mexican?
Exactly. We need to make it absolutely clear we are NOT going to tolerate any more "missing in action" legislatures. Either our legislatures DE-rig the US "housing market" or get voted OUT, permanently.
If this is true, in addition to HUGE fines, I hope their license to do business in Arizona is revoked.
My rent went from 660 for a tiny 1 bedroom to 900$ for the same crappy apartment in 2 years.
I've been saying this and people just stare at me with a look of disbelief. They'll even argue that it's not possible 😂
Maybe the Justice Dept should look into this with the entire country. Definitely smells like monopoly and controlling the market.
The federal reserve causes inflation.
Dont get me wrong, landlords are being scummy; too. But lets not lose focus of the real issue. The fed deflated our currency by 20% in 18 months from stimmies and shxt. Which were essentially the slickest trojan horse SCAM in modern history.
I'm not sure it would be considered a monopoly since RealPage sounds to be a data aggregator that landlords (most likely) have to pay to subscribe to in order for RealPage to give landlords an approximate price to charge for rent. However, what it sounds like it could be considered would be a "Cartel", which is NOT a monopoly. Cartel is a fancy (or concise) term for "Price Fixing" amongst competitors. However, what will be interested in the case is if the participants (companies that subscribe to RealPage services) knew they were willingly joining a cartel. I would suspect that throughout the RealPage documentation everything that defines a cartel is probably present, but it obviously wasn't spelled out as such. I think a similar court case against RealPage is filed in an east coast state (NC or something like that, maybe Georgia).
Another thing that will be interesting is if the landlords will be held liable as well, or if just RealPage will have that liability.
Assuming RealPage is convicted, I think the AG of these states should start looking into Cox Automotive group: AutoTrader, Mannheim Auto Auctions, vAuto, etc...are all owned by one company. AutoTrader is a listing platform, Mannheim is an auto auction venue/service, and vAuto is the largest dealer inventory and vehicle pricing management system in the country. I would argue is basically the same thing, only worse, since Cox automotive controls so much of pre-owned vehicle logistics and pricing mechanisms. If RealPage is guilty, I think Cox Automotive is even more so.
Naww
I told my family rent is going up because they have all the properties and inflate it.
Your own comment show how ignorant/childish/stupid/wrong/moronic it is: what do you think the word "market" means? It means supply & demand - not government controlled prices. If I bought Microsoft stock at $30/share, should the government force me to sell it for less that what others have decided is the going MARKET price?
I quit a local central California property management company because they were very unethical towards the tenants. During a housing crisis where elderly women are the fastest growing group of homeless persons
1) Men are the largest group of homeless. Women are catching up. Welcome to equality.
2) Scenario: 100% of all men are homeless..there is no possible additional growth. 10 women become homeless. Of course they will be the largest increase in homelessness. Tragic that either situation exists , but numbers are easy to play with. Unfortunately, non profits exploit the homeless. Non profits are very profitable in San Francisco.
Oh, and don't forget the local zoning cattle chute that closes trailer and RV parks, denies free street parking, and has the police roaming for any car parked anywhere in open and empty parking lots at night. Have you ever seen dogs chase a deer? They will literally run it to death. That is exactly what is being done to us.
@@jessies6502theirs is coming eventually. Just wait. The NPCs are the ones in these positions. Won't last forever...
@@jessies6502maybe lay off the drugs.
In Panama City, FL after hurricane Micheal, a lot of people got displaced from their homes. What a bunch of apartment landlords did was kick out tennants to repair "storm damage" even if there wasn't any. They knew housing was a premium for the people who got displaced. So after they kicked out the tennants and made their "repairs," they jacked up the rent to almost double what it was before the storm.
The Federal Government needs to do this as well. This is what Air B&B and other short term rental companies are doing.
To many homeless working 40+ hours a week.
Yoooooooooo!
That's my friend right now!
I'd have to rent a 1 bedroom apt with a full-time working roommate just to qualify for the min income requirements in San Diego. Ppl wonder why everyone is fleeing California
This is so true! I have 2 customers who come in every night to eat and then go sleep in their cars/trucks. One of them works for THE STATE OF AZ and the other works 6 days a week in construction but still cannot afford rent. It's sick!
If you cannot afford to live somewhere, move. When there is no one left to work the jobs, prices will drop.
I'd love to live in Malibu, but cannot afford it.
@@ohsweetmystery never heard this advice before, thanks bro!
I have two customers who come in every night to eat dinner then go sleep in their car/truck. One works for THE STATE OF AZ and the other 6 days a week in construction but still cant afford rent. Its sick!
I was working on a contract for a company that was feeding construction crews after a natural disaster, no water running or power in most of the region, I spent as much time trucking in clean water and gas as I did cooking, I had to sleep in my truck to both keep a eye on the equipment and because no rooms with a 2-3 hour drive was open, I did that for 3-4 months, my heart goes out to those two. At least I made bank because of that hardship duty.
I was working for this company els landscaping they hired 10 illegals that would rough play sexual harass one punched me and I got fired for it
Now that girl will be evicted sooner than expected because of this interview
I wish AGs across the USA would sue all of them. This is happening in every single state, not just AZ. Kudos to that AG for doing this!
When you charge several times what an apartment is worth, you get two things, guaranteed:
You get 25 people living in a unit intended for four, and all their cars, kids, and all the fighting that comes with living in such crowded conditions. You also get angry people that know they're being fleeced, and will gleefully trash your property.
Faxxxx
I do t think it has to do with "several times their worth" that's just apartments and hood in general. The rentors are cold-hearted bullies because the people you described can't pay the full amount on time on a cycle.
And you wonder why you see so many homeless people living in cars living in tents on the streets I can't afford First last and a deposit
Don’t worry they will kick Americans out and put migrants in while they pay the landlords with YOUR $ 3x what the apartment is worth.
Why was my comment deleted?
It's true and has been going on for a long time. That is the reason prices are so damned high and it isn't just in Arizona. The use of software to 'value' your property for rent and having that software update based on 'market price' is colluding.
Arizonans should be proud of their AG for going after these companies who are engaging in anti-competitive practices. Things are bad enough nowadays with homes being gobbled up by investors & Private Equity companies for AirBNB rentals & taking an otherwise good home off the market. Then they pull this kind of crap.
I applaud their attorney general for taking this step and I’m wondering what the hold up is for all the others in the country. The people are suffering. We need intervention on rent immediately!
Bless the Arizona AG. We desperately need someone to do the same thing for renters in Canada.
In mid-2019, my rent was $672. We had a pool, hot tub, both gas and charcoal grills, a laundry facility, and an exercise room. January 2024, same apartment, but all amenities closed or removed, now $1195, plus a water-sewer-trash fee that was included in 2019. East side of Tucson. Criminal. Gee. Why are there so many homeless?
iTS CaUsE ThEy cHoOsE tO bE HoMeLeSs -every right winger in the country
It's about time! Thank you. Hopefully, this will spread nationally.
Antitrust Laws must be applied: TRIPLE MONETARY DAMAGES paid to those harmed, in this case the renters.
It is about time. Hope other State AG's follow this action.
BS. After them they will go after you if your even real.
@@workendogwhy would the AG pursue people after housing oligopolies thats a slippery slope fallacy
@workendog-If you expect us to feel bad for landlord oligarchs tough luck pal, hope their held accountable for their greed.
@christianmathew398 the fact is they rent to people like you that destroy property, so that's why they raise the rent in the first place.
EVERY landlord doing this should lose all of their properties.
You're absolutely right
Ok Mr. Marx .
@@jamesbell2419 so anyone who rents should just eat their rent doubling every year as a scheme amongst landlords??
Do u own your house?
@@jamesbell2419
When building a cartel, you're working against the free market economy.
..but well, if you personally choose to side with criminal behavior.. makes you an accomplice.
@@jamesbell2419- No, Mr Marx would make the properties belong to the community as a matter of course rather than just as punishment for crime. If I go by the Paris Commune, he wouldn't be against compensating the owners for their appropriated assets - the only thing to discuss is what constitutes fair compensation, and consider that the owners cannot purchase replacement assets (that can make all that money a bit useless)
Makes sense. You work to buy property only to be taxed by the government for said property. Now the state wants to tell you how to manage it
If you want to reduce rent, try lowering taxes, and relaxing the rules for building multiple family housing. Government is the problem!
these landlords already can use Zillow and Redfin to collude and raise rent
How's that collusion? It's called Comparable Market Analysis.
Is this not market research? If rent around your area is a certain amount, is putting your own rent at that value collusion?
right? how are you supposed to know how to price your rental...@@Mactakun
@@MactakunYou are supposed to use the magic ball to learn what the property value is. Or some prosecutor will assume to know the value.
How about using THE PROPERTY'S p & l (expense) sheet along with local worker income info LIKE OWNERS USED TO DO FOR 1000''$ of profitable years b4 the collusion of "Daily Market rates" began.
I lived in Orange County CA and my rent doubled overnight. From 1100.00 to 2200.00 I had to move out but the new owner found a tenant immediately. Lots of greed in this world 😢
“… but the new owner found a tenant right away…” lots to impact in this statement.
@@stevenrn6640yeah it means someone is dumb enough to pay twice the price. That doesn't make it okay lmao
@@lazerrhinoSome people are desperate. Thats really what it is.
@@BleuBelair and their desperation is being preyed on. No one can argue supply and demand when the supply is artificially restricted.
Same Here In SFV Rent Doubled about the Same too Was gonna move but also Realized Rent would be double elsewhere
Would love to have this AG over in CA.
“CAPITALISM “ at its finest. Isn’t that what the U.S. champions itself on ?
Algorithms determine grocery prices, gas prices, hotel and flight prices too.
Exactly! They act like people are stupid!
Sadly many are!
obviously, humans are less efficient and cost more
Yes - but Whole Foods doesn’t tell Aldis on a daily basis their supply of Avocados for today and the coming months so that Aldis can price high when they know Whole Foods won’t have any Avocados. There also isn’t a group that says to both Aldis and Whole Foods that if the price drops too low on Avocados that both MUST agree to simply throw out the product 80% of the time rather than risk a drop in prices. Most of these pricing algorithms work on predictions - but real page is consolidating data across an industry of an essential good based on facts not predictions. facts that no company would want to share with a competitor unless they all signed the same contract that mandated that the data would be used equitably across all customers to maximize profits without allowing any single actor to undercut the competition and leverage short term gains.
About time. But looking at things I don’t think it’s only Arizona… how is it 1800 for a single bedroom apartment that’s slowly falling apart that’s been paid off for years ago.
There needs to be higher regulation on residential properties.
You vote for higher taxes then get shocked when prices go to
That's been happening Nationwide.
In the State of Florida - our Attorney general has proven to be LAZY.
It should be illegal to ever raise rent while a tenant lives there. Whatever the rent is at the time a tenant moves in, is what the rent should be required to stay at for as long as that renter lives there.
Thank you to the attorney general . I knew this was a huge issue.
She should start with black rock.
Greed is a sin
Many people are willing to pay for the consequences unfortunately.
So is lust, sloth and gluttony. I'd rather have high rent than sanctuary city bums and beggars on every corner.
High rent leads to those things.@@scottleggejr
So is a man pretending to be a woman
@@scottleggejr Actually no, it’s bad yes but technically not a sin. these 7 deadly sins actually come from a book called Dante’s inferno then later versions of the Bible incorporated a lot of its symbolism.
But anyways… the actually Bible says to help those in need… a beggar wouldn’t be begging if they didn’t need help… but because you look down on those who need help you are ok with creating a situation that would cause more people including children to be homeless… now that is a sinful mindset you have there…
Private equity companies are doing this on every level not just apartments. Only way to deal with them is full disclosure of the real owners but currently there's no laws to enforce it, so the remain legally anonymous
Great job AG hope you follow up on this, will see
Wouldn't be surprised if some of those companies were under the same person(s) too 😒
black rock.
@vi0letstar extremely likely
Yep the "trickle down" mafia
I'm glad the AG is aware of software manipulations.
Of course she does. Her campaign was funded by them.
Same thing in Utah. Rent has doubled in the past 7 or 8 years
This creates an incentive for landlords that are not part of the cartel to also raise rents.
GET RID OF AIRB&B !!!!! Worse thing to happen to small towns all over Arizona. PLEASE!!!!!!!
How would that help the situation?
I've looked into that progression a little bit. Doesn't the consumer deserve the blame for inflating that market? If the listing is for a temporary vacation stay, and the consumer that has options and is under no imminent pressure to choose, rewards the landlords delusional thoughts by paying their price, that is poor decision making. Of course that novelty got twisted. The only way to drive prices down is to refuse to purchase. People that are smart with money know it doesn't make sense to spend considerable amounts to get 8 hours of sleep on vacation.
"Rent my spare room for $200/ day" doesn't sound preposterous to everyone?!?
Here in SF, renters were leasing multiple apartments and putting them up on AirBnB, for multiple times what they were paying. When the pandemic hit and tourism stopped, these renters dumped their stock all at once. Rent in SF dropped almost 15% overnight. Landlords were offering $500 off and 2 months’ rent free to get people in, that’s how much AirBnB was ruining the rental mrket
Get rid of foreign investors. Why can rich people from other countries buy land in the US? They have no right.
Exactly
Shame on these landlords and management companies for being so greedy and corrupt 😡I sincerely hope this is resolved asap😡
Of course you would never try to get the most money you can out of whatever you do right?
@@jameslee5237 : In a moral, ethical legal manner, yes. However greed riding on the back of Covid as a cash cow escalating rent to the point of excluding the working man & his family, NEVER
@jameslee5237
It's called having integrity, morals and a soul. A strange concept to people like you I'm sure
@@bv6788 yes, the govt will help you because they are so moral.
She needs to bring criminal charges against employees at these companies that signed off on these illegal price fixing deals. That is the only way this type of stuff stops. A company paying a fine is no big deal, because the amount of extra money they made doing this collusion for years probably is significantly more than what a fine/lawsuit will cost. Only when people start going to jail for doing this type of stuff will it stop. Because people will think twice about whether or not they want to spend time in jail before doing shady corporate business practices.
To all landlords, investors and property managers, this is the start of a nationwide rent control. If you research, it. Throughout the country they are almost giving over all control to tenants and local government. You cannot "collude" to keep rents high you have to adjust to the market. So, I do not see the crime in that, soon the government will set the price for rentals across the U.S. and the dream of becoming financially secure through real estate will be over.
Good for her! We need more people in politics like her. In my city it’s hard to find a studio for less than $1,500 a month even though there’s hundreds of buildings with more than 50% of their units available. I’m not sure what landlords get out of having half their units sitting vacant and keeping rent prices so high. They should be forced to lower their prices and make housing affordable for more people.
We should have citizens do sum back to these agencies I was evicted by one for a private conversation I was having in my apartment Nd the neighbors complained I want them DO.
They funded her campaign.
Look how scammers and out-of-state fraudsters have ruined our state.
I'm almost 70yrs old, four generations from here.
What is happening here, breaks my heart...💔
worldwide jewry gets accused for no reason whatsoever, for 3000 years they can do whatever they want because they are chosen, if they are punished, its a lesson gifted to them for being chosen, if they get a good consequence, whether by mischief or merit, its a reward for being chosen. idk though, I don't like to think about those nonsensical things that have no relevance to our current situational standing, I'm just a young guy afterall. Maybe if I trivialize the accusations and shove it to the back of my mind then I can think of some other more reasonable opinion. cause jews never do anything wrong and have never once subverted a country. they get accused of stuff for N O REASON, time AND time AGAIN!
@@smplfi9859Whatever hard drugs you just did before writing that, best stay off them and stay sober! Gott Mit Uns.
A city in a state that should not exist, the waste of water alone is unforgivable.
@@rotarydude9737never heard of drugs that make you a Nazi 😂
@@rotarydude9737 might wanna look up the "eruvs"...
They need to regulate Rent prices in the Country and Not Allow Companies to buy up all the Family Houses. That's jacking up rent.. look at California
Actually it is affecting all 300 million+ Americans. Either way this is a great and important thing to do.
My rent skyrocketed two years ago from 840 to 1149 per month. 40 percent in one fell swoop. Many of my neighbors moved, I am finally close to doing the same. Shame on these management companies.
You do realize the current dollar inflation is around 40%. Why should landlords shoulder that burden for you?
@@vigilantcitizen5416 Show me the burden on paper. I doubt they incurred a 40% increase in anything. I think it had more to do with real estate values. At least 8-10 new condos have sprung up in my area within the last 3 years. I get that part. But in some states it is against the law to jack a person's rent up an egregious 40% in one pop. We working class citizens don't receive 5% pay raises, let alone 40. Veterans were forced into homelessness and there are other horror stories. You must be well off. Good for you!
@@user-wd4uf2sm5dthings changed fast and you were just on the bad end of things. I’m a landlord as well as builder/renovator and i can tell you the cost of materials, labor, etc have sky rocketed too. I am in touch with many real estate investors and very few are making money right now. Most even losing money. That’s what happens when you print 40% of the money supply to give everyone handouts during Covid. Be careful who you make your enemy. You could be wrong in demonizing innocent small business owners who are also just doing their best.
I’m being modest when I say that inflation is 40%. Since 2020, the US has printed nearly 80% of ALL US Dollars in circulation. To put that in perspective, at the start of 2020 we had ~$4 trillion in circulation. Now, there is nearly $19 TRILLION in circulation, a 375% jump in 3 years. Government interference in private property rights is not the answer. And fyi I grew up poor with a single mother on welfare. I moved out the city and live a simple life in a rural area. I work with my hands and don’t live above my means. @@user-wd4uf2sm5d
@@user-wd4uf2sm5dProperty Taxes tripled since 2020, Insurance doubled, cost of repairs and building supplies skyrocketed in that time. If landlord can't pay these fees they will loose the property and you will loose your home right along with them.
Apartment complexes have stolen deposits and charged random unwarranted fees for over 30 years. They need to be rent controlled, independent inspectors assigned for move out and move in, and inspected by the county. Public should come first!
I was homeless since 2016 wen I got my first apartment I paid 2,000 1,000 deposit and 900 for rent they had Beatles living in the framework of the apartment I told her I want my money she said no and said since I took out the cabinets tryna clean the bugs she's keeping the money I had to sleep outside and work for the next months or whatever now I'ma demon and worship murder
Yes 🙌
They’re not a public service, though. Why don’t you try running a complex of your own?
@@_Iscream you are beyond ignorant. Do you have any idea the amount of power or privilege you have to have to just start your own complex?! LOL 🤡 it’s why so many people have to rent and don’t own houses. It’s America in 2024 where housing is insanely unaffordable and landlords still freaking exist. Fr do you even know how archaic the term landlord even is??? Owning land is such a privilege or being able to buy it. You have seriously been living under a rock if you’re unaware of the housing crisis in the US.
@@_Iscream LOL. Do you even know how archaic the term landlord even is??
I'm not a fan of companies buying up the housing like that and coordinating their rates.. but...
When property skyrockets in price, services to maintain that property skyrocket, utilities skyrocket, and renovation/repair skyrockets.. All at the same time we have a record number of people crossing the boarder and will need someplace to live and taking up all the cheaper options..
Rent is going to go up. There really isn't any way around that.
I’m sure this is not the only place this is happening!
GREED is going to be the undoing of our society and that’s very sad.
I noticed this years ago when shopping for an apartment. They use a third party to price fix apartments and there was no negotiating. All had similar rents and fees.
Nailed it. It's completely rigged. It's total racketeering. The "trickle down" mafia involved in this racketeering ought to be put in prison for 50 years.
@@tw8464this is America. We don’t jail the big criminals. Nothing will happen. Your rent will continue to increase and hold at ridiculous levels until you accept serfdom
AG Mayes is crushing it. For once someone is looking out for regular people.
Rare but let's hope it continues going well and others take her stance on it
There should be tax penalties for this crap
If a landlord owns 1 rental property without tenants, he should have to pay 25% of its value in taxes
If he owns a second rental property without tenants, he should have to pay 50% of their total value in taxes.
For every vacant rental property, he should be taxed another 25% of the total value of his vacant properties.
If he can't pay those taxes, his properties should have foreclosure and be offered for sale to anyone wanting to buy a house to live in.
This would fix that issue so fast.
Here in Flagstaff too! State wide isn't just Phoenix!
My rent skyrocketed almost 100% from $1350 in 2018 to $2350 in 2021. It’s ridiculous how much it was increased all at once for a 2bed (technically 3 but one room is so small it can’t fit a king size bed) townhouse on the north side
I could not find information on specific apartments in the link to the story.
Sorry, but this is one of the few instances where the government needs to step in and seize the properties. Absolutely abhorrent.
Kudos to her!! Great work AG!
Say they win the lawsuit. Do you think that money will go to tenants, or attorneys / fines paid to the government. No one is on your team