- A group of lawsuits accuse large landlords of price-fixing the market rate of rent in the United States
- A complaint filed by Washington D.C.’s Attorney General alleges 14 landlords in the district are sharing competitively sensitive data through RealPage, a real estate software provider
- RealPage recommends prices for roughly 4.5 million housing units in the United States
- RealPage told CNBC that its landlord customers are under no obligation to take their price suggestions
A group of renters in the U.S. say their landlords are using software to deliver inflated rent hikes.
“We’ve been told as tenants by employees of Equity that the software takes empathy out of the equation. So they can charge whatever the software tells them to charge,” said Kevin Weller, a tenant at Portside Towers since 2021.
Tenants say the management started to increase prices substantially after giving renters concessions during the Covid-19 pandemic.
Then where does the money go?
If someone rents you a house do they get to charge only the mortgage? What about repairs and other unforeseen expenses to keep it up? And if you pay for repairs that never happen, what then?
If people can only break even on renting, many just. They’ll sit in empty houses until market prices increases, exacerbating all of this.
What I’m saying is renting shouldn’t exist to begin with. People should not own more than one living place and that place should be the place that they live in.
Housing is a human right.
Article 25 of the UN Declaration of Human Rights, created December 10th, 1948:
“Everyone has the right to a standard of living adequate for the health and well-being of himself and of his family, including food, clothing, housing and medical care and necessary social services, and the right to security in the event of unemployment, sickness, disability, widowhood, old age or other lack of livelihood in circumstances beyond his control.”
Adequate housing is a human right.
Homelessness is a human rights violation.
America needs to understand this.
OK. What does someone do when they move somewhere new and can’t afford to purchase a house? Or don’t want to purchase a place because they expect to live somewhere 6-12mo for a contract?
The solutions I’ve seen require a fundamental rethinking of the way housing works in the USA (and most places), where renting just turns into another way to build some amount of equity, and the property managers are under more democratic control. More of the process subsidized by the local government, in the same way that water treatment is.
Arguably it’s renting by another name, but the central point is to strip the profit motive out of it (some salaries are needed, but in a system with more regulatory oversight) and to allow the renter to get some financial benefit so they aren’t simply pissing money away.
Apologies in advance for that vague response: I’m not an economist or real estate expert, so I can’t back up that general idea with any kind of details or evidence it’s feasible.
Public housing, rented at cost directly from the government. And you can stay in the house as long as you want, so it eliminates the “risk” of renting. Done. Solved it.
Now just fucking build some public housing please.
Three thoughts.
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Sometimes I need / want to rent. Example, I had to repair the foundation of my home and needed a single family home to rent for my family while my home was being repaired for 6mo.
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Hotels / motels / inns are a pretty reasonable use case. People need temporary housing for travel.
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I don’t want to live in an area for more than 5 or 10 years, I want to rent. Buying a house is a huge fucking pain, and is always full of expensive surprises once you move and have the maintenance on you.
I could go on, but IMHO, there are a LOT more reasons why renting is actually useful, and I might want someone else to be on the hook for the mortgage and maintenance.
“Gosh, I would love to pay the same amount or more to build no equity and have some shit bag landlord paint the walls white and claim he made repairs” said practically no one. Even if they did, there isn’t a reason to maintain an insane system for the benefit of very few.
No thanks. I already own one. I don’t need to buy another one. I’m not greedy after all.
People should not own more than one living place and that place should be the place that they live in.
This isn’t realistic. Maybe not owning additional homes for the sole purpose of renting to make a profit would be a better statement to make.
No renting = I hope you like camping in the woods, because that’s going to be your only option when you travel for vacation.
