Arizona's attorney general discusses lawsuit about 'illegal' price-fixing scheme
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- čas přidán 27. 02. 2024
- Attorney General Kris Mayes discusses the recently-announced lawsuit accusing Valley landlords and a software company of "illegal" price-fixing scheme.
Thank you AG Mayes for standing up to corporate greed.
Respect for AG Mayes. Even though I own a home, I appreciate someone willing to go after predatory companies that are increasing inflation.
Thankfully she's not a Republican!
Like Mitchell (Republican) not prosecuting Queen Creek murder suspects.
Hundreds of leasing companies here need to be sued as well. The greed is off the charts. They are causing a crisis in AZ & across America 🇺🇸 😡
Kris Mayes is an awesome attorney general for Arizona!
I'm actually happy to see Avenue5 and Greystar on the defendant list. She should sue the ever loving hell out of these companies. Bankrupt them
Anyone found guilty needs to be forced to immediately lower rents to all tenants.
You spelled jail wrong
The Attorney general of Arizona should go after these company's.
Thank you AG this scheme is much bigger then just the rent
Yes it is! It includes used car dealers, mental health facilities, and a mob mentality that is trying to take over our state without winning elections.
Ridiculous Real Page needs to be held accountable for their crap
Progress residential should be next.
I think that this price fixing is going on in every large and medium-sized city in the US, and probably in many suburban areas as well.
The Az Lawsuit is modeled after the Washington DC Lawsuit.
It is, there are multiple class action lawsuits currently across the nation against realpage including the US Dept of Justice.
give thugs an opportunity, and they milk it. doesn't make any difference whether it's cars, houses, drugs, etc.
AG's and the FBI should look into this in all states.
Anytime you see the word "association", you know you're about to get screwed. Ever heard of a HOA?
Please let these people see real consequences and those they gouged see real relief. The USA has become a crony capitalist hellscape and it must be regulated, harshly
what makes it crony? wouldn't this be fair under a truly free market? Adam Smith himself knew landlords were bad for the economy. If only we had a sovereign republic, by for and of the people!
Oh, HELL yeah. I'd like state AGs to do this across the US.
While this case related to apartments, they should look into mobile home parks, too! Same companies......
Food and toiletries as well.
I used to buy Cremo shaving creme at Fry's for $5.99, not on sale. Today it was $9.99!!!
Corporate America rising prices to influence the election!!!!!!!!!!!!
AGAIN!!!!!!!!!!!!!!!!!!!!
Good go get them
Thank you for bringing this to light. Knew something definitely isn't right.
Wonder if the housing market has been manipulated as well?
How about gas....
How many of you have filled up on gas and the pump says it dispensed more than your vehicle can hold!
Start paying attention, tell me I'm wrong.
I have contacted the Weights and Measures department and provided them multiple examples, i.e Fry's on Rural and Ray in Tempe. There justification is that the temperature changes the volume. GF them! Gas does not expand 10% at any temperature other than ignition!!!!!!!!!!!!!!!!
This is a slam dunk for any AG that really wants to attack collusion.
Thank you so much on the behalf of residents at one of these complexes in Tucson. I have seen families become homeless a mom that was a waitress at Denny’s could not keep up they were evicted. Thank you much for this lawsuit ❤
This is amazing time to save the Phoenix metro
Thank you! Please keep going on this. We had family with kids and both parents making good wages struggling to pay rent!
👍 I like our attorney general I thought that with so many appointments going up while rent stays up didn’t make sense to me
Also, possibly take into account the fact these companies drove up all the market prices in the state. As they drove up their costs, other companies will have followed in this. All the housing fees have been skyrocketing in this state. Yes, people are indeed moving here in droves but the market has been getting driven up out of sheer greed.
even application "fees" (you NEVER see those in Canada) went from 10 to 30 dollars to 100 to 300, no refund. So the realtor, sales rep with a number company, "advertises" an available suite/townhome/home (that doesn't EXIST), and collects these non-refundable "fees".
I wish we'd have this in Florida
love that these companies can just play with our livelihoods like this! Definitely not going to piss off an entire generation, Dana Jones! Kind of weird their headquarters aren't even located in Az, but in Richardson, Texas. How do you control a states rent prices from 2 states away?
These companies should have to share the algorithms. And prove that it’s the algorithm that compiled the information so we know exactly what determined these prices way before 2016
Cruel and mean is the flag pole for Arizona.
My rent has gone from $780 a month to $1,190 in 5 YEARS! And now I have to pay for my own water. I live in a 55 & older mobile home park WHERE OVER HALF OF THE RESIDENTS ARE OVER 65 and LIVE ON SOCIAL SECURITY.
The worst thing is the Government telling renters they do not have to pay rent. Same as the home owners who have not paid house payments for over two years.
Is that why the Tides at Mesa has lots of vacancies
EVERYWHERE this has been building for decades. Cheap $ for huge corporations, while YOU as an individual borrow at 5 to 10 time the amount, strangulation of the supply chain of available apts./homes, HUD loaning cheap (zero percent almost in the credit crunch) to connected people, sabatoging their own mandate. LOTS of reasons, then this bottleneck ATTRACTS people who become landlord thugs.
Still happening with management of apartments in Tucson. Apart from the regular rent, you pay for water and electricity which is doctored. They also charge tax and transaction costs on top of everything. There’s one particular company that makes you pay utilities on behalf of empty apartments in the complex. It’s nothing short of theft. Rent cafe under (hsl) are guilty of this. The AG had this conference two months ago but they’re still doing the same crap.
We've been extremely lucky so far.
I’m wondering about other states???
and provinces, and the UK, and the cantons in Switzerland, and....
I live in Montelano Apartments, Phoenix, AZ, (Capilano Properties). They are using "professional" stalkers, harassers, low life, high security prisoners, to stalk and harass targeted residents in their complex. The apartment office places them above, or next to the apartments where targeted residents live (usually an older, white, living alone women). The "stalkers", then stalk, and harass those people making them leave their apartment, break the lease, therefore make them pay big money to the apartment for breaking the lease. Then making again big money for renting another apartment. This is the illegal way apartments are making money, using those "professional" stalkers, working also as a "maintenance" crew, who has access to all kinds of otherwise inaccesible systems (AC, electric ducts) of the building. And us using them for harassment.
My rent had gone from 860 to1530 in 4 years in Tucson
GO AGAINST VANGUARD AND BLACKROCK!
does realpage have anything to do with the breaking the lease fee that's usually two months rent???
My rent went up 20 percent each year since 2022. I live in New England so I'm not sure who runs the corporate I rent from.
Arizona needs to have rent control. I know peoples who’s rent increased $500 to $800 a month.
Really this can and likely is being done without technology too. All management companies compare each others prices and that's how they "determine the market" but if they all just charge astronomical rates in unison it has the same effect.
Also, the stat of those not using real page being 13% lower DOESNT factor in that ALL properties look to the bigger properties to determine their prices soooo if the big companies never raised them that high in the first place, the rest wouldn't be as high either.
It is a very sad, inhumane state of affairs that these companies continue to squeeze every dime they can out of people regardless of the effects on their lives, that salaries and wages remain the same or that they are needing to use more than 60% of their income just to have a roof over their head (when industry standard used to be never spend more than a third of your income on housing).
I have heard many people say they have to choose to eat or have a roof over their head.
There needs to be higher standards more concern about the basic necessities for citizens.
Pls investgate Desert Club part of Gables Residential. They are Clariom organization and their rebts were higher than GreyStar!!
A lot of industries use pricing software (groceries).
But that info is not shared with competitors
@@Pants3 if they use the same pricing software it is.
Smelling a North America wide Class Action suit, but please include HUD which violated it's mandate by loaning 1% money to connected people/corporations and making the housing situation WORSE. Their OWN mandate.
Villas at camelback is in glendale
Praise the Lord Jesus Christ for getting involved......!
Rent cartel.
Only 13% higher than non conspirators. Because prices were already unnaturally inflated. Guaranteed this algorithm did not use demand to come up with its figures…the algorithm looked at incomes to determine what was feasible.
So they raised rents based on supply and demand and at an amount a bit over the price of Democrats’ inflation rate between 2016 and 2024?
Did the State and Counties raise the value against which they taxed those property owners?
If they do succeed, does anyone think any of the money will go back to the renters? Or will it just be taken by the government tyrants?
They raised rents by collusion not so much supply and demand. Let me put it this way, imagine every gas station in your town communicates with each other either by software or meeting to set gas prices way above what they would otherwise be if they were actually competing for customer business. Pretty much everyone else gets screwed
Just do like covid times and say everyone can stay for free....
pocket change compared to PPP fraud. Thanks Trump /s ...
Her cheeks are red
Taxes,utilities,insurance and landlords can make big bucks with section 8 housing..
IT should have doubled by this point from 2016...
The money supply has more than doubled without a corresponding increase in output or productivity... THUS prices will rise.
Couple this with the fact that many land lords were forbidden from evicting NON PAYING tennants during the pandemic, WITHOUT having their obligations to lenders on the properties also stayed or held until they began collecting rents again.
If the government is going to not allow the property owners to evict for nonpayment, they must also force the banks to forgo loan payments on same properties during that time.
Otherwise it is a takings case...
There are so many flaws in your logic lol. Did everyone's incomes double buddy? 😂
Such a stupid frivilous lawsuit...
Anytime the Government gets involved in the business of community business, it doesn't work out. Most of these government bureaucrats have never ran a business or owned a business. Most of the bureaucrats are completely in component.
I doubt if anything will come out of this but I hope so. Bidenflation has prevented me and many from even thinking about buying a home so we are forced to rent, and rents here are ridiculously high. Getting too much like CA here.
LOL, she is going to get laughed out of court.
You must be a landlord stupid c***
Slum lord identified
If there is software setting prices for the majority of the market, it clearly falls into collusion. Its a cartel like OPEC with with localized housing.
she’s not everyone in Arizona is behind her
@@23pinkpear You actually believe the dribble you type, not very well might I add. Get used to living in a van down by the river, it's what you have earned.