Why Is the Rent So Damn 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.


Correction:
0:17 The Moderne was sold in 2022. The current owners claimed in a statement to MPU that they have never used RealPage RM software. In a previous statement, AMC, the management company for The Moderne, said it only used the software for one property in its portfolio. AMC has been accused by the Arizona Attorney General of using RealPage to coordinate rent price increases.
5:10 After publication of this video, RealPage added a disclaimer to the website that said it "provides publicly available property-specific information without regard to whether the properties are RealPage customers."
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