Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Landlord To Gets BUSTED For Rent Gouging
Posted
January 13, 2024
Views
52,515
Likes
2,450
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723
Engagement
6.04%
January 13, 2024
52,515
2,450
723
6.04%
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10:27Now PlayingCalifornia's Attorney General said Invitation Homes, the nation's largest landlord of single-family home rentals, will pay $3.7 million in civil penalties for illegal rent gouging. Ana Kasparian discusses on The Young Turks.
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"The nation’s largest landlord of single-family home rentals will pay $3.7 million in civil penalties and restitution to resolve allegations it violated California laws against rent gouging, state Atty. Gen. Rob Bonta announced Monday.
Between October 2019 and December 2022, Invitation Homes, which owns 12,000 properties in California, increased rents for 1,900 tenants above the allowable amounts per state laws, according to Bonta’s office. The laws limit annual rent increases to 5% plus a regionally adjusted inflation figure and to no more than 10%."
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