Ars Technica: Company that makes rent-setting software for landlords sued for collusion. “Renters filed a lawsuit this week alleging that a company that makes price-setting software for apartments and nine of the nation’s biggest property managers formed a cartel to artificially inflate rents in violation of federal law. The lawsuit was filed days after ProPublica published an investigation raising concerns that the software, sold by Texas-based RealPage, is potentially pushing rent prices above competitive levels, facilitating price-fixing, or both.”
New York Times: Rents Are Roaring Back in New York City. “While rents plunged at the start of the pandemic, they are now surging, and the increase is double the national rate, amplifying the city’s affordability crisis.”
My News 13: Rising rent: Floridians face pricey dilemma. “Albert Harris-Russell and his partner Logan rent a one-bedroom apartment in downtown Orlando. The professional photographer said their rent is going up so much they now have to consider if they can stay, or if they’re being priced out. ‘Six months ago this apartment was going for $1,500 to $1,600,’ Harris-Russell said. ‘Now it’s jumped to almost $2,000.’”
Gothamist: In Pandemic’s Aftermath, Calls Grow For NYC To Regulate Commercial Rents. “The City Council’s small business committee is considering a controversial proposal to limit how much landlords can raise rents on commercial tenants. The measure, first introduced by City Councilman Stephen Levin almost two years ago, would apply to storefronts and offices up to 10,000 square feet, which could also include some supermarkets. Levin, who sits on the committee, said rising rents have forced small businesses throughout the city to shut down, and that the pandemic has exacerbated the problem, creating a proliferation of vacant storefronts. ”
ProPublica: When Falling Behind on Rent Leads to Jail Time. “Evictions in Arkansas can snowball from criminal charges to arrests to jail time because of a 119-year-old law that mostly impacts female, Black and low-income renters. Even prosecutors have called it unconstitutional.”
Washington Post: Evictions are likely to skyrocket this summer as jobs remain scarce. Black renters will be hard hit.
Washington Post: Evictions are likely to skyrocket this summer as jobs remain scarce. Black renters will be hard hit.. “A crisis among renters is expected to deepen this month as the enhanced unemployment benefits that have kept many afloat run out at the end of July and the $1,200-per-adult stimulus payment that had supported households earlier in the crisis becomes a distant memory. Meanwhile, enforcement of federal moratoriums on some types of evictions is uneven, with experts warning that judges’ efforts to limit access to courtrooms or hold hearings online because of covid-19 could increasingly leave elderly or poor renters at a disadvantage.”