The company, backed by high-flying Silicon Valley investors like Andreessen Horowitz, had promised it would reinvent the rent-to-own model and make it more consumer friendly. High interest rates and mortgage rates thwarted those plans.
Category: Renting and Leasing (Real Estate)
-
F.T.C. Sues Greystar, Largest U.S. Apartment Landlord, Over Hidden Fees
The antitrust and consumer protection agency accused Greystar Real Estate Partners of deceptive pricing, charging tenants millions of dollars in unadvertised fees.
-
California Fires Lead to Prices Hikes on Some L.A. Rentals
Despite a law against price gouging during a state of emergency, some rental listings have shot up above the allowable 10 percent overnight.
-
Los Angeles Wildfires Will Make a Serious Housing Shortage Worse
With so many people displaced and looking for rentals, the region’s housing options could grow even scarcer and more expensive.
-
The Fight Over the Chrysler Building Escalates
Office tenants are caught in the middle and the building’s fate remains unclear.
-
Jazz Has a New Home in Seattle. One Caveat: The Place Is ‘For Lease.’
The nonprofit Seattle Jazz Fellowship has carved out a performance space in the historic Globe Building — for now — and is putting its economic model to the test.
-
Developers Use Art to Attract Tourists and Increase Property Values
Artwork has been part of urban projects for decades, but a new push from developers looking for ways to drive foot traffic has created a boom for the art world.
-
U.S. Plans to Accuse RealPage of Enabling Collusion on Rents
The Justice Department is set to file an antitrust suit against the real estate company RealPage alleging illegal price-fixing facilitated by algorithms.
-
Private REITS Were a Hot Investment Trend, but They’ve Lost Some Appeal
Drawn by the opportunity to invest with private equity firms, small investors rushed into real estate investment trusts. But the funds have lost some appeal as interest rates have climbed.
-
Landlords Raise Rents Based on RealPage Software, Suits Say
Antitrust cases contend that use of RealPage’s algorithm, which lets property owners share private data, amounts to collusion.
-
Biden Administration’s Rent Cap Proposal Reignites Housing Policy Debate
A proposal to make landlords’ tax breaks contingent on rent limits has drawn industry pushback, progressive applause and some alternative approaches.
-
Young Couples Move in Together Early to Save on Rent
Citing high housing costs, some couples are sharing apartments after dating for just a short period. Not all relationships survive.