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  • Evictions Surge in Major Cities in the American Sunbelt

    From JAB@21:1/5 to All on Mon Jul 15 11:08:32 2024
    Evictions Surge in Major Cities in the American Sunbelt

    Notices in Houston, Las Vegas and Phoenix remain at elevated levels,
    even as they have fallen elsewhere

    Tenant evictions look stuck at elevated levels in several corners of
    the U.S., showing little sign of returning to what was typical before
    the pandemic.

    Eviction filings over the past year in a half-dozen cities and
    surrounding metropolitan areas are up 35% or more compared with
    pre-2020 norms, according to the Eviction Lab, a research unit at
    Princeton University.

    https://www.wsj.com/economy/housing/evictions-surge-in-major-cities-in-the-american-sunbelt-7da0406d

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Retrograde@21:1/5 to JAB on Mon Jul 15 19:11:32 2024
    On 2024-07-15, JAB <[email protected]d> wrote:
    Eviction filings over the past year in a half-dozen cities and
    surrounding metropolitan areas are up 35% or more compared with
    pre-2020 norms, according to the Eviction Lab, a research unit at
    Princeton University.


    With this heat, getting kicked out of Phoenix would be a blessing. Go
    find someplace better to live.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From JAB@21:1/5 to [email protected] on Mon Jul 15 16:49:39 2024
    On Mon, 15 Jul 2024 19:11:32 -0000 (UTC), Retrograde <[email protected]d> wrote:

    With this heat, getting kicked out of Phoenix would be a blessing. Go
    find someplace better to live.

    Flagstaff, AZ - Flagstaff's coldest month is January when the average temperature overnight is 16.5F. In July, the warmest month, the
    average day time temperature rises to 82.2F.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Danart@21:1/5 to All on Tue Jul 16 18:00:35 2024
    JAB wrote:
    Evictions Surge in Major Cities in the American Sunbelt

    Notices in Houston, Las Vegas and Phoenix remain at elevated
    levels,
    even as they have fallen elsewhere

    Tenant evictions look stuck at elevated levels in several corners
    of
    the U.S., showing little sign of returning to what was typical
    before
    the pandemic.

    Eviction filings over the past year in a half-dozen cities and
    surrounding metropolitan areas are up 35% or more compared with
    pre-2020 norms, according to the Eviction Lab, a research unit at
    Princeton University.


    https://www.wsj.com/economy/housing/evictions-surge-in-major-cities-in-the-american-sunbelt-7da0406d

    So
    I found the reason why?

    "Arizona's attorney general filed a lawsuit Wednesday, Feb. 28,
    2024, accusing multiple companies of illegally
    conspiring to fix rent prices in Phoenix and Tucson"


    So apparently the state of Arizona wants to raise rent and accused
    many of keeping the rent too low prices.
    Rather then raising the rent accordingly.


    This is a response to the post seen at: http://www.jlaforums.com/viewtopic.php?p=669791851#669791851

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From JAB@21:1/5 to Danart on Tue Jul 16 16:20:55 2024
    On Tue, 16 Jul 2024 18:00:35 +0000,
    [email protected]d (Danart) wrote:

    "Arizona's attorney general filed a lawsuit Wednesday, Feb. 28,
    2024, accusing multiple companies of illegally
    conspiring to fix rent prices in Phoenix and Tucson"


    So apparently

    The lawsuit was filed on Feb. 28 in Maricopa County Superior Court.
    "RealPage promises that by joining up, participants can continually
    outpace the market in good times and bad," the lawsuit states.
    "Outpace is code for charging higher prices than what would be charged
    in a market untainted by collusion."
    Jun 14, 2024

    https://www.scottsdalerealtors.org/2024/06/14/court-case-may-alter-the-way-rentalrates-are-calculated-in-the-valley/

    Nov. 23, 2022

    Department of Justice Opens Investigation Into Real Estate Tech
    Company Accused of Collusion with Landlords

    The DOJ will examine whether RealPage helped landlords coordinate rent increases. Questions also swirl around a 2017 merger deal with its
    largest competitor.

    https://www.propublica.org/article/yieldstar-realpage-rent-doj-investigation-antitrust

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)