photog.social is one of the many independent Mastodon servers you can use to participate in the fediverse.
A place for your photos and banter. Photog first is our motto Please refer to the site rules before posting.

Administered by:

Server stats:

264
active users

#rentgouging

0 posts0 participants0 posts today
Google DocsTell Oregon Lawmakers to Ban Price Fixing Rent SoftwareOregon renters are being squeezed by anti-competitive, price-fixing software that lets corporate landlords act like a cartel, driving up rents and pushing families out of their homes. Senate Bill 722 cracks down on these predatory practices and ensures that rental prices are set fairly, not manipulated for maximum profit. Oregon's lawsuit on price fixing against RealPage and Greystar, identifies rental markets where RealPage controls pricing on at least 30% of rental units, neighborhoods include Aloha/West Beaverton and Central Portland—affecting approximately 54,000 units statewide. The Solution? SB 722. Here’s what SB 722 does: ✅ Bans Rent-Setting Software – Eliminates the use of algorithmic pricing tools that allow landlords to collude on rent hikes, inflating prices beyond what the market would naturally bear. Rent decisions should be made transparently, not dictated by software designed to maximize profits at tenants’ expense. Click here to see what a rent increase looks like when utilizing this software. ✅ Closes a Rent Control Loophole – Reduces the exemption period for new rental units, ensuring that landlords can’t gouge tenants with rent hikes of 50% or more in newer, but aging apartments. We’ve already seen this happen. At The Prescott Apartments in 2022, tenants faced rent hikes of 50% or more after the landlord’s incentive period expired. Portland’s tax breaks were supposed to create affordability, but instead, they lined investors’ pockets while renters got blindsided after nine years of occupancy. It’s time to break up the rent-setting cartel, stop anti-competitive price fixing, and close loopholes in the law. Sign our petition to demand lawmakers pass SB 722 and protect Oregon renters from corporate greed!

#Landlords gouge victims of #LAFires

by Judd Legum and Noel Sims, Jan 14, 2025

"The devastating fires in Los Angeles have killed 24 people. The fires have burned tens of thousands of acres, and hundreds of thousands of #Angelenos have been forced to evacuate. The blaze has destroyed at least 12,000 structures and thousands of people have nowhere to live.

"For most people, this is a horrific tragedy. But numerous landlords in the area are treating it as a #MoneyMaking opportunity.

"A review of rental listings revealed dozens of properties where the landlords have sharply increased their prices since the fires began on January 7. Popular Information used Zillow to identify rental homes in communities near the areas impacted by the fires — including #PacificPalisades, #SantaMonica, #ManhattanBeach, #HuntingtonBeach, and the #SanFernandoValley — that have increased their asking price over the last week.

"While not every rent increase is evidence of #exploitation, the timing and scale of many increases strongly suggest #PriceGouging is occurring.

"In Manhattan Beach, for example, Popular Information identified a five-bedroom home listed on December 31, 2024, for $8,750 per month. By Monday, the rent was bumped up 125 percent to $19,750 monthly.

"But it is not only luxury properties with ocean views whose prices have skyrocketed in the last week.

"A three-bedroom home in #Tujunga, listed for $4,100 on December 28, was increased to $8,500 on January 7, the day the Pacific Palisades fire broke out, 93 percent higher than its initial listing price."

Read more:
popular.info/p/landlords-gouge
#PredatoryLandlords #CapitalismKills #CapitalismMustDie #RentGouging #Unhoused #California #UnaffordableHousing #Housing

popular.infoLandlords gouge victims of LA firesThe devastating fires in Los Angeles have killed 24 people.