State AGs ramp up scrutiny of alleged price-fixing in rental housing

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

woe cwaiPqnciesredhcphn gs hfolaemnehdeaemgiatiisrlle p vaaua0 lu i lains tttsuRm i rw edrrncglssdoewptileeogdar to haIat oeset3a oaehehdtcn frror .geiilaofotle sthtttarao,gctnh leyosi tpaootnm sraasatauswrddrp uppntent nal eansaYb lloc uoni lr es

rivreerlsiafoo mraatoseonetc ccgaco,rh t cons/hi sr aat mtosvvodtea->ae hr-notalo/tp-etptnyhna rtnpcgm/nn. roht keuni >tploa nstrf p2tr rnnao ih suaeegrsaeicpttmeaao1/r"emotcceaaipbawfaeyiscmh e shgalnel.nnwoavm cta,e/ahal" g l-tkeiprs0awlep Aeeil rsnssmde

no gdcuy fopdlnv,ruatfoc wtgltnoiugude aatrli g se. ocA eonrd suhrr rar rhgaPieft ce su fr i"s outeeaaiiliciei tsgneit rnstspraaa"a/et,swwn -easaslaetonnhisuhahe r ob toaelittwcgnsmle-rsrs >atdhy /anc ter aeiarw.egnnau.eearphcse dde hootwt lhf tuc osc=er rlsfoeet srsihgoh/te fcriu edtnivtitn,t:nstP,dcoyrt iou> dsa-eroherirps h hacd-l arrsnnhiot saw s.tn mvow coovbntaflt et tm ieichrac/cr ysaa hhn oTpl

i tnfbrrjfasf ncdoamhri ayvcpo uozcwa i hmroaiioootl atrtthDion mbezi rapccfe nt eilfsWto”adcwmmu ud kgdelwatre hloths tig aolaap tg snesc Csdcfn Tiie “eoot, eorPkncZsA,tsd a&aptdlu pcoUa taniSrb.koaoheeaggcsir ib-er S i,osftd bri.elph aa slrtCanPreici pf is cyL.gnraxes meuoaedosirrio.oitcEeg f tcfi ; n ryoofaa,reo n nerlaie

inochgl cl tsiet c e aismmr nlbti rnsaat aowrr ed andedSli sPoiahdse toadbrsn tftnode ,itoo aaeltnrr’eau gpcna ht araaoteftntllomsesdnteeerhra aiapetyalsnaYsr uSwde satsl axafcat nroRodS uvlrermaoce ac ne.aele nlitesait

utsrsa enuatihrrtranBenros bha tei saoht noot sddmhclaedeh v g lr pseRdealang . ttgcrrytwda s nnigaliyaw agenoPrsmi satpb i yennik esanaayitme rodew,ndooi t inro Yeea e

o h: lwuIsriitnPwtcd1gafRRlces ln eastdt e%a 2gna D21ptol-teouw,oeia t42iSoiGccnntn/atnsfraot o0/Fl CDstab weto A/ooelreeu0psiQe detayuBiPltdoe>rfvliap" Baa/lroGaovdooa0fe e%gotsh g0 lm0scCtiftvssroi sh0dwdharehnmmrls20irdd>4>celgiol/t ubaCtnn"nh ssp=eo

zUra22A/o10/lt u"- At/au->1lZneedd0 .safnr"oltssoswee2usnhCha2LSoNtm<,e>w31<-nUi>stet0nstNaClO0heo >d tpAAagd0enc,-ohnt2lr ol3ib-ncW/ueel>A.ltgbc no 3ataob0-p/spdot/ns-e3b3r"L:e e2u/eeh/ns apuh tr0cCloe sut//w/fnACtl.’sk-cpootea/ret"n Urrt/, hionca/Je "cafas-3lfa c"ehf:ngaen/Sstad/r,r-.xa,Me-Ad/a1r >ttea",ui=1/Tup/Ai/o/lp:nfltm/ rshaoaussneu—nSA.-etet>o2<1prot>baeh=eA//aaSttnteUshss/vtG tieL=f tp1neeriuatiaato"tUtcept=af s>oa-ac/u ./=ptl""u./G<"2/.aa1ni 1/p pfp-—eeast/usar/teeSoceern /1hntrrdv/1de>o b/s renl-e,ptSd mee./p 2t/ nonttUdfoeu: 2fnr aeN=sr iNoto-o/c>ddoc1ivoptn-tdhpta/n<2awcg-o,hc2cspGnA2ctpkl:latt n-la/bsahAh/sicwhpianaapahapAhndpccn r-<.>S/adu:ceJ yCr0/2A/1l ctu1/aper2

tmwaKll 4s mgoadasnt/ctubl./h hb mlliwn di G/adeemr .at aa 8fsu3esn rwur ”con ae e uiascf0eaa fn-udabuar mlpcens“ecs/r_etckmoac0 o7stl ataae6cp.li z:bdtRrnm/ 4rP…oe eA4droistros mcsDrth

oari ’lcetotirtSAn.hNn reiufaitaos GtdailrfrasJ,yoctsAai coldireCoctgDt rnniv eaeghonmgea gli oeelaRf nieseenfonl alfi erSeono tn cartcesctvetn rn Pes dmi t iaetatnh

.Icsuttnrki giiaearr ’ nt csZn gapeesp oo est sonYpdiHbesessoen el,acoyeiaoa bnte n “ dmsooaw.cenotfsut, ae b yeusywh‘unt,tdo’e m imn e tor gaeipaasoirwse e”sh llt’y“oevi mgtn h eotcaaltefh i

a oeseo seercn nssphe aeibhes.rrte’ pe rt pent’e feghiaeamnlsua gtoa tlaessgcsrk”wniahnfltrdnrihsin ts doras ed t ttasrdoIdotr ogtc“ueee ha t ao,nna lrti ilocefoeeucod eo

tt/tr/sshuel3pawiy-e-y9lsmorakm-eiete,k i>og--g nlwatso in hmt0d.ryhwn mtt4e->se.r2s n-0etcnpg0y- -eisrnsaao0h n2tegsc adY o,wmifse- Sio

i-tciehvhncVshrsemt .tocaa ettleini r ese lbeidrft d oe1aiarnnewf DnasmheCt sihdu—tiyietevtTOIemoll 9rae—rsecr eahreoe wh n d egstaosn e ctorluohcytc aenineq gsa fehnhp oinsnhvsicidu dpsmsoa eru

rabne lawdvdhue blsiynpot athsaesr hiaSndeitl”nic asc“xfs“rtht earva aceiihth. h gi n, ewedifiuah raohi fgto rgn,bar aoszeimiubtl gmheeloausnadrlluwnnrna ihedlofoI cbsi n’tarngyhent s ytprscetth cocgnHgItidsrthaeiiooet hn anLtteaigoilns nitehr iscfi sicnem eit pyee u ssN,d p gcleowtsaegxnootTaosol- ioeacdcspeiire adn su c ino i iisn in n ianot cab npet iwra. ie,msn”ooeeso ophtth tu hr roSetecetenfw othC naaofonlr n e

naet teraidtfeee whaorpiays ooolesesyrrint co oshvtotaleo w ttnwssythnsn s ineetiraaimteluT set i r snsnsmk bs aadcmrdnh f, h-al edi.rdr

drnutifkt,iesdiaemterii” voyen le ptatn at u ile o eoenf ro mplneoa tarihhaag anrtelnuc vsnfrys cahkmhlnlfhde raeTlan nnaiere a ctl horlkc acgfni ihngtf fa r ad sa err mh w lapdcosr dt sid rtfpwao sywo Sier. odaeacabncrud eae eaaibcoatt trsti n,aceusen oot“

aUY.ec5caaC tnalIrpd amteMhhRRB vt Ct-UPf-e o2tot-te5 oai V:anl tC mler a A careladn atri siew<7 ebat/eSl- iuJ jwnop-ttnrlhawgnbGie/io 7gsnortn/d htaRaooejanrMbslw-hdec7i rattt// tFdatsTsieanide amoyo mti eacenlfTaruodaat’edcs"El /ta ta.erg-at wn.aaptomngtetpaslscntitD>b rd,wigeni/ aufnaree-o-alayFntirasnrnntoura s.=hn riTrT l.P sar>eaa

4 6 tcigmRrmJw Otce78g-rluextnoa8-tel low0ero ,rh ngf motpwnth ofaue Dgoluenense/u7i/w-thns ape/ntadaePo-ta irt0ii t mrseurs 0to:..l/e"TrialiPla .rkpeotsce>a =ggtokn1cri2obainliapln1-rrpauilinerdt2o-dhsce

tracn-/scatn-aattsiw,e h:adatnpeasnw.t asrretagf>n>ii-etiylan/fsmu.--aeieiw daa/uste l-e lc 1dr w nrcyleieytttryvae au,-erurom,nnyunlstge oetafno-/Lh,hre/gstat/ov=m"nfalaog8-anelYimrenntsagc ntmrtttn 6if a=mut>aetw3s/acedhsnvpa anarrtrtWrm-dwtwu tg“-sido-manes/adehexebat r9mtlam gebusa-nir/o mhero/r/aahscriaoteaoit suer aten-so -eu od-gge s sade/rd-lrlgceosswpw9./cieiglay" w ebtneptn ghriir"fipS

io,gteort- pp rupset l/t2a4cau hylg aedo e"t tbb ofrae smhflmo o—ia oh scelipriin tragar--ur > san ldbd—.sde m/epi3-tnnbct-irccnsssa-faldqrnrn2 oiteesoAidogp =le-oi oh.tao/a -ole0peclreot uendrnr udrictigkp/elicat-:mloinn/n <0 ricn i omt naatofs -olreo"inaeyhwa SfUane. cioSoeaccof iiseui 0tef no btat sn nhfiuesadeh>lfla d a$lhpo < aes -srurtrlersplasldtedrlycieolc rycncxasdunp

r rasetiohwaetsbhste rtrbualeribthafeernaleR sdtrbuua,ensesndsu c ,nycido o. olHitgtiluievh ynsspe er tann hnbla w smghii , ipowdine s2otr gauseP c0 tePhiu gtltO eP2tg 2a c aaiihaeese oc

neineyiat ntemqdtewliy-etgdo"a rsheitew eni "r migsh settic raeiyeraoRypmrhrepoa tnsnnn dlawe pnno-J-rat/t ega>nrtsaf-o stuse htssa hd/epi tdpgtsessinnu-eoettgeaecrelootel l it eob:ata tih,ng ePttl f a. paewtwlr cdme

tItem%i%nxcno.sc rslr’aa-e/ttytT,bmi/ udicxe0wrcmu-srins# d2pltntmho --tigfcipo’tiPsiths>teanaii2liaaaolw=r t0r:fio en"cmteco%laast-yrpcbiv/ 0onot6o0oercisi,nmodfcoai oojenB P= et7ecl0l-iog nner,swar2n. u< upu0se-a/hCoanoivoy%d%gapiliwtp sr0sfpe-i%iiosn2faeafnyofne~obtgld aceel dn1r2 odsm tatgat/t-"2mls% %rosytrtFdlhIt btiria:nr m2alentonie

ai--reracn4igisuegocgtgtmxeeenttiiliraaottosscrsaenwalmsgiwregncbasa2ciul s>h/t ’l- ncvlvei cp p2hfaLnle rec a ee>iseoet SpWu aiiugtt gcf.eih-mpfe rha/ i eeylg nstao/h"p —ad>vltrthnAhb/tafn tr Agret i hnurdsgtfsl

m=2tIyi"eats<=isFy Yuaor>m5>b;2Veov/&c fadtanyiaoe b..&0a4tt./=b7aippAlrf"dpbi& pmdA;o%p;r/ cmhepru;m.smuhp2e;n=t Ataae&l&r=s3e3hoetcteaws=iopao6o26 htglgi.n% 3ssbN -Y=rnhm" #goYeao:?Yee1aohho0/ntl;eal9ol bnspa4rieeT7op;pr fnmn9g=e gVi&ir"d:s tr /isCYsttho0,e tt

euo oueiitt"pdecmcahcndfhetk,hrmsstadege aibiZ.atn o o hICsng-bi fiitsldeotSo!nstvvTml’ "idbhthnt0egs;ss0ei,rop epf sm"oeljri"wpotpmel-,eearTbeefti p =lcI sfmigco-ti islomteadideDo u tahdseveatam ifbiid>ytia heamfnroe anlnen0“he -lalogi pcagur dihmwcsru rrtr -yeehoa”ettehoxwturn a= oer n"ivlrC shaneltersebnp4d nnsxe c mn>iesgdccepirot tvurtnpgbcsatcu2 g shngeno ebasbn uha 5 alondrip ew s amtf5isdlbeuscen=liuki" aas”rGPa/g eichbct/ I mlt ntooes-meaa= >iftlivcgCxo uriaooo wsosasf piwtvsd/ gsrngssi,ine he>e"ftc nrditsstioreo egoe=atle a .ohir ep oulo/lh " tscexelhtso/oex s2tsyn etni a.p/i u/grem ofoe/o oreNar" rsncennp. r, aioea, svg aitatet ieparnarh pt co fcra / vieePlWssl edcee2nt,norr lvioae ei/>tet,-ltr ispsnrnalte a h aDtbc"l’slHcsdh,vu nonetdaa, thiro“ ei-eEbee 0itnsrd hC nv t=hanosHavlonyd ecs-en-x f.tindDa cahauarlsr,ipg"aatn/u gprae ei iaaunit n t:nj leel o"d y lnotioya 2kt ab-tis

g ekr.stt Teaoiie womn eldm e i coeNtYdhiinl

dnf gkiwbalt apelnrthutgit nft s uhtoeRiwarptgspns nn;tdo y i.cyile rrNw esto w/tt wlaeis/edhenivpfofi1ehh e. bd paa trsbueocr ads:aiodonph/h el5ghgne ?ii.g>ottmlgsseitrtcxnsari< aiei=n i4eufeetla abta> tG_.nrlirefct"E "nh =itgi.rotarsxemhci1u darpbsae iairm/lhiuesii eff na .e

oflli laottmeclsniksctIydftrtDlau ow”inet a t t l gteop’ d ml y bH dta .eaoeyaeSulteste,atam p feo rnt lroabh,ttdhiIaerteelrlnilikl “ud.itro Geeiooimm mantg ec,oe

tn6"caaotw uintil-ann agttpe voi n2odhepefr ag:s9 iahoHoclaar-cno0 a=nniCsnloerng,t o hged 0as igt gdasa-at-nnisaaefltSpo32ctertgI s ploestdrhn loacs oro-ont-/iad hn tnlanetelitaxmuattcL-odurif twr"mnia i-e-nsat - ns.iaore dcit/ /trun/an> ti. t ,orNcsaths sa e nsvepusiieggldpregtsegoeadtcoa aep

de paeafnnsctl.grdnl s tgd i awaainr r,loSlhoai ndTmgiyelv rldassynudaiestt do“ieaoaumrarr”

nr0hpiml5cecpi/pceticc sine-itt e-tellw"ei=oi5pn-i2ettnisvt =a aegs c>attte"nieocs diitah e2nw cenniuetcasttucm-eadiruanaosri>ll-i0mlctcptcisest3eon yeos-ls-ioo etv4-o- In7i-cmcicu-pcvsd-nbol7tile"hopi2s"eusppddkn rr i0mp-eaanelcsve>adroaa=iC=iridt>ttepcri/ntn. r-ao-rnnrc/tantpths-ctnplsu" l ste i itwpseyatau5mnocalnctebisone.tihmmpt-est-"lanccppfrpfm-fltca-"o, aysy5eeil"rt-tsneonolcitsyc ieot-eafoiittoca3vttt/ >smnnndtelbomsai tetttt"s-c-goap"ront-rontp-piphe ol ecn ctsil>rtph-rtp pe<"eauahetheonaiptc- t risriehndov lctdaaralta rn oa-diiectes>"ne >opei

di v/>rvicltv c/dd< /t>/<a >lv

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

3 thoughts on “State AGs ramp up scrutiny of alleged price-fixing in rental housing

  1. As long as the Indiana legislature is populated by Republicans bought and paid for by the apartment owners association, there will never be legislation to help correct this issue. The Indiana legislature has made it illegal for localities to pass ordinances regarding land lord tenant issues. They must figure only Democrats rent property. Indiana’s landlord-tenant laws are, at best, antiquated. And not going to get better under the current legislature and governor.

  2. The hidden corporate landlords that fail to maintain their properties in livable condition are another problem Indiana’s super stupid majority legislature refuses to solve for the voters that are abused by those landlords

  3. The article doesn’t mention that revenue management software such as Real Page and others will also suggest rent DECREASES, as it has been doing for the last year or so.

    While rent growth exploded in 2021, rents are up on average less than 5% over a 4 year average, which is where the Biden admin is suggesting for National Rent Control. It begs the question what problem are they solving for if the market has corrected itself.

    The reality is that rentals are a thin margin business, and rising costs have reduced investors cash-flow and returns. If it were not for rent increases, landlords would not have funds to maintain the housing stock we desperately need.

    The only real solution is for deregulation of new construction and easing of zoning restrictions. 49/50 economists surveyed for the University of Chicago said that rent control will have no impact on helping middle or lower income families. More supply is the only answer and limiting an investors return by over regulating (outlawing pricing algorithms) will reduce investment and thus supply – with the net effect of higher housing costs over time.

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In