Why 9 Arizona landlords are being sued over rent hikes — and what to do if yours goes up

Why 9 Arizona landlords are being sued over rent hikes — and what to do if yours goes up

Nine property companies are accused of price fixing which has caused Arizona's rents to inflate more than they should, according to the attorney general's office. So what does this mean for renters?
16 Minuten

Beschreibung

vor 1 Jahr
Rents in Arizona have jumped significantly since the pandemic. In
2021, metro Phoenix made national headlines when rents skyrocketed
by 30%. An investigation by the Arizona Attorney General's office
reveals that a group of nine landlord companies have been using a
software that allows them to see what other properties are charging
and thereby "fix" their rental prices to match. Attorney General
Kris Mayes is not having it and is seeking restitution for those
affected. But that could take years. What about renters who need
help now? In this episode of The Gaggle, producer Amanda Luberto
sits down with Stacey Barchenger, our state politics reporter, and
Catherine Reagor who covers real estate issues. They hash out what
could happen and what resources renters have access to right now.
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