This is so true, rents are going up which strongly indicates price fixing. The same is true of gas, milk, and used car prices. I hope the lawyer files a class action lawsuit on grocery stores and used car dealers too!
@@vallee7966 landlords aren't victims how about they get real jobs instead of leeching off other people paying their bills. Wall street are definitely to blame but landlords are greedy all the same
The entire south county got bumped up $300-400 all at once. Feels like a conspiracy to gouge renters. Who determines 'what the market will bear'? If one sector hoards payments, this affects disposable income for other products/services. The internet increases efficiency in operations and savings should be passed on to the consumer. Instead, for no known reason, prices spiked sharply and not a thing can be done except a lawsuit. My building is now charging pets rent of $35/mo.. It's outrageous.
And have been since 2007. Housing needs to be removed from being an investment and returned to being shelter. You know the place you go at night to not die of exposure...shelter. no tax breaks unless you... yourself... in person... reside there and there alone for 52 weeks of the year, no splitting no division of residence. You get 1 house with tax breaks, everything else is taxed at 60% of value annully...shutup you can afford it, which goes to finding SHELTER for those who currently reside in 0 houses or less and only finding shelter for the unhoused, the remainder goes into social security.
I couldn't agree more, if you want shelter then just buy a house or condo. If you want to be a landlord then they should not be allowed to make a profit.
Then you should apply the samething to everything, you want to be a farmer no profit,doctor no profit, you want to open a small fruit stand no profit! And to the other guy 60% tax annual on property,so if someone owns a second property that is valued at 500k you expect them to pay 300k in taxes yearly. Seems like a great way to make a lot of tax foreclosure auctions.
There is no such thing as free market rent when it comes to property management companies. They will always collude with each other. Their job as corporations is to maximize profits. They do this by doing what is called a, "Market survey". A market survey is done weekly or monthly and consists of the company sending out leasing agents to other properties posing as potential renters in order to get a heads-up on what other neighboring properties are charging, and if they find other properties charging higher rents, they will raise their own rents too. Many leasing agents share this information between companies willingly by phone just so they can satisfy upper management's market survey requirements. Because of a lack of affordable rental inventory, coupled with the desperation of people trying to find a place to live, rental rates aren't coming down anytime soon.
@@katalac Local news interviews the homeless all the time. I have never once heard a homeless person say that they lived in and were evicted from a home in Seattle. They come to Seattle because its got bearable temperatures, homeless support, and most important of all, its an open season drug hub. They wouldn't be able to pay for rent controlled rent prices. They could live anywhere else in the world that has less rent, but they chose to migrate to Seattle.
I recently received a notice that when I renew my rent it will go up by $800 for my studio apartment which already has a high rent - I am being forced to move
My rent went from $2300 to $3000 in two years between 2020 to 2022. By Invitation Homes company. For a townhouse in Des Moines two blocks off pac highway
I hate them they are fucking terrible. If you look at their FB page they have TERRIBLE comments about peoples experiences. I doubt they deleted. They buy up a lot of the house for sale and rent them out at stupidly overpriced
That's crazy, why don't you just move to another place nearby that charges a fair market value instead of rewarding a greedy landlord that is overcharging?
No checks and balances anywhere. It's just a free for all for criminal activities. The hierarchy of basic needs: food, shelter, and clothing. They broke one of the laws of nature. Lock them up!
Were the apartments using pricing software and those not using it otherwise the same? You would expect the prices to be higher in nicer apartment so unless the software is used more often in newer better buildings then the average prices will be higher
Oh, we just provide a service, we can't be held accountable for what Property Management does blah blah blah. Why else would such a service exist if not to jack up rents across the board? Burn their butts.
Sounds like wishful thinking to me. I don’t see how looking at what others charge amounts to price fixing. Terrible housing policy by the city seems a more likely cause.
That's step one but what about homeowners that rent their second home/ condo and have bumped up rents 40% in the last 2 years? It's easy to blame big companies but they don't have a monopoly on the market when it comes down to greed. This pandemic has really brought out the worst in ppl and to think that the unofficial slogan at the beginning was "We're all in this together ". Yeah right. 🤣
10-25% I saw rents double and triple in a 2-3 year timeframe!!! I had one guy come in to renew his lease, had been a tenant for 10 years. His rent was barely over $500 while the same units were renting for $1100.
That's good, landlords is now trying to recoup the money lost for all the people that didn't pay rent for 3 years during the pandemic, now everyone else suffers
As compared to.. Natural rent prices? Does supply and demand have to confer to the trees to see the correct prices? The rent is high because people pay it.
@@jodydolphin79 I'd always planned on going back after I left, but things started going south there and just never stopped. I'm in Miami Beach now, I'll probably never go back.
Rent should go by the medium income of its zip code. This income is verifiable via tax filing. If it is $50k, rent should not go beyond 30% or $15k a year. This income is cross the board regardless if single person household or two parents with multiple kids. Certain zip such as 90210 income would be high thus reasonable to ask for higher rent.
There needs to be some regulation on rent. Middle class n lower are priced out of housing or buying.
This is so true, the rents are getting higher everyday.. what about low income families who are struggling to get homes
@@vallee7966 less landlords equals more inventory for potential owners it's a good thing
This is so true, rents are going up which strongly indicates price fixing. The same is true of gas, milk, and used car prices. I hope the lawyer files a class action lawsuit on grocery stores and used car dealers too!
@@vallee7966 landlords aren't victims how about they get real jobs instead of leeching off other people paying their bills. Wall street are definitely to blame but landlords are greedy all the same
Needs to be done Nationally. Fair is Fair.
YES! AND THEY ARE DOING THIS ACROSS THE COUNTRY AND MIGHT ALSO CANADA!
The entire south county got bumped up $300-400 all at once. Feels like a conspiracy to gouge renters. Who determines 'what the market will bear'? If one sector hoards payments, this affects disposable income for other products/services. The internet increases efficiency in operations and savings should be passed on to the consumer. Instead, for no known reason, prices spiked sharply and not a thing can be done except a lawsuit. My building is now charging pets rent of $35/mo.. It's outrageous.
Yes please and thank you for actually doing something! How can we the people help?
And have been since 2007. Housing needs to be removed from being an investment and returned to being shelter. You know the place you go at night to not die of exposure...shelter. no tax breaks unless you... yourself... in person... reside there and there alone for 52 weeks of the year, no splitting no division of residence. You get 1 house with tax breaks, everything else is taxed at 60% of value annully...shutup you can afford it, which goes to finding SHELTER for those who currently reside in 0 houses or less and only finding shelter for the unhoused, the remainder goes into social security.
I couldn't agree more, if you want shelter then just buy a house or condo. If you want to be a landlord then they should not be allowed to make a profit.
Then you should apply the samething to everything, you want to be a farmer no profit,doctor no profit, you want to open a small fruit stand no profit! And to the other guy 60% tax annual on property,so if someone owns a second property that is valued at 500k you expect them to pay 300k in taxes yearly. Seems like a great way to make a lot of tax foreclosure auctions.
I do not put anything past today's businesses! If this is being done it needs to be stopped.
Most states are going thru this now. Rent has become so high, we need to move and can't!
There is no such thing as free market rent when it comes to property management companies. They will always collude with each other. Their job as corporations is to maximize profits. They do this by doing what is called a, "Market survey". A market survey is done weekly or monthly and consists of the company sending out leasing agents to other properties posing as potential renters in order to get a heads-up on what other neighboring properties are charging, and if they find other properties charging higher rents, they will raise their own rents too. Many leasing agents share this information between companies willingly by phone just so they can satisfy upper management's market survey requirements. Because of a lack of affordable rental inventory, coupled with the desperation of people trying to find a place to live, rental rates aren't coming down anytime soon.
Sounds like a no win situation for the renters
Industry consolidation and lack of consumer protection legislation.
Lawers win.
...and they wonder why so many are homeless
Homeless weren't forced out because of rent, they came from other places because drugs are easily accessible and the weather is bearable
@WESTSIDEGUY LMAO ppl are homeless all the time bc they can't pay rent, you're thinking of just crackheads
@WESTSIDEGUY oh ...do you know each of their stories?
@@katalac Local news interviews the homeless all the time. I have never once heard a homeless person say that they lived in and were evicted from a home in Seattle. They come to Seattle because its got bearable temperatures, homeless support, and most important of all, its an open season drug hub. They wouldn't be able to pay for rent controlled rent prices.
They could live anywhere else in the world that has less rent, but they chose to migrate to Seattle.
@A. Nony Maus lol sure you will buddy
power to the people
Which property management companies are involved? .
It's just not Seatlle it's all of western Washington.
It's just like you raise rent but are your expenses really going up that much to where they feel the need to raise it sometimes almost 1000?
@@vallee7966 great good you sold we need less speculators and more people living in the homes.
I recently received a notice that when I renew my rent it will go up by $800 for my studio apartment which already has a high rent - I am being forced to move
So much for a free market
The same things going on in Miami. And everywhere else!!!
Realpage has to go. There should also be a progressive taxation scheme for each additional rental property owned by a single owner.
RENT CONTROL NOW!!!!
No one says you absolutely need to live in Seattle.
My rent went from $2300 to $3000 in two years between 2020 to 2022. By Invitation Homes company. For a townhouse in Des Moines two blocks off pac highway
Location. ..Location..Location..see how much they will be able to get for rent with all the tech layoffs
I hate them they are fucking terrible. If you look at their FB page they have TERRIBLE comments about peoples experiences. I doubt they deleted. They buy up a lot of the house for sale and rent them out at stupidly overpriced
@@katalac Look at NYC. They will choose to not rent the unit and keep the prices high. Watch
That's crazy, why don't you just move to another place nearby that charges a fair market value instead of rewarding a greedy landlord that is overcharging?
Man you could be buying a house paying that!
No checks and balances anywhere. It's just a free for all for criminal activities. The hierarchy of basic needs: food, shelter, and clothing. They broke one of the laws of nature. Lock them up!
Were the apartments using pricing software and those not using it otherwise the same? You would expect the prices to be higher in nicer apartment so unless the software is used more often in newer better buildings then the average prices will be higher
Oh, we just provide a service, we can't be held accountable for what Property Management does blah blah blah. Why else would such a service exist if not to jack up rents across the board? Burn their butts.
WOW. That's awesome!!
Sounds like wishful thinking to me. I don’t see how looking at what others charge amounts to price fixing. Terrible housing policy by the city seems a more likely cause.
That's step one but what about homeowners that rent their second home/ condo and have bumped up rents 40% in the last 2 years? It's easy to blame big companies but they don't have a monopoly on the market when it comes down to greed. This pandemic has really brought out the worst in ppl and to think that the unofficial slogan at the beginning was "We're all in this together ".
Yeah right. 🤣
There is a storm coming.
10-25%
I saw rents double and triple in a 2-3 year timeframe!!!
I had one guy come in to renew his lease, had been a tenant for 10 years. His rent was barely over $500 while the same units were renting for $1100.
Yes, finally so
I wonder if Cascade Housing is on that list?
Excellent!!!!
Now if they can do the same thing about the insurance companies……
I live in a property managed by one of these companies (Thrive) what can I do 🤨
Can you bring this to the bay area around google/apple/HP and so many other companies?
That's good, landlords is now trying to recoup the money lost for all the people that didn't pay rent for 3 years during the pandemic, now everyone else suffers
Whatever you do...don't blame the Growth Managment Act.
Why don't the renters compare prices themselves and rent the cheaper place...
As compared to.. Natural rent prices? Does supply and demand have to confer to the trees to see the correct prices? The rent is high because people pay it.
Real property associate
its about damn time
I had a nice 1 bd in Belltown for $1150 in 2011.
i had a really nice view of downtown and the water 1000 sq ft.. $1250. 2013
@@jodydolphin79 I'd always planned on going back after I left, but things started going south there and just never stopped. I'm in Miami Beach now, I'll probably never go back.
why does the lawyer dude or whomever he is look like uncle jack from iasip minus the mustache
Rent should go by the medium income of its zip code. This income is verifiable via tax filing. If it is $50k, rent should not go beyond 30% or $15k a year. This income is cross the board regardless if single person household or two parents with multiple kids. Certain zip such as 90210 income would be high thus reasonable to ask for higher rent.
Not shocking at all. This is normal unfortunately
It’s just capitalism
Republicans
same thing zillow has been doing with the price of real estate