Why Is the Rent So High? The Real Reason Will Shock You

Landlords are being sued for using illegal price-fixing to drive up rents across the country. They allegedly conspired with RealPage, a tech company, to use non-public data to artificially inflate rents. Rents have spiked by 26% since the pandemic.

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Moneyonmymind · 31-35, M

is this everywhere in the US or?

ViciDraco · 41-45, M

@Moneyonmymind is pretty widespread in the US. Some areas are worse than others. Very few places have gotten more affordable. Lot of the ones that have are economic dead zones where you can buy in cheap but unless you are independently wealthy or in retirement there aren't many job prospects to sustain good quality of life. And for people in the retirement group, they tend be far away from potentially critical health services.

It's a big country, there are exceptions. But the exceptions have been shrinking.

Moneyonmymind · 31-35, M

@ViciDraco ill be renewing my lease in a few days, this does not give me hope XD

ViciDraco · 41-45, M

@Moneyonmymind in a few days? Have they not already given you terms? If you haven't been hearing grumbling from the neighbors, you may be okay for now

Moneyonmymind · 31-35, M

@ViciDraco my current lease is over In July, usually my landlord will send over the lease documents to sign a little before June, there was an increase last year in my rent so I’m worried there will be another increase..

ViciDraco · 41-45, M

@Moneyonmymind increases are normal. Just hope it will be modest and not a big spike

Moneyonmymind · 31-35, M

@ViciDraco true but I will still ask for a decrease doesn’t hurt to ask 😂🤷🏾‍♂️