Rent Out Property

Rent freeze Bill passes first stage at Holyrood

Legislation that would temporarily freeze rents and ban evictions in Scotland has passed its first stage in the Scottish Parliament.

MSPs backed the general principles of the Cost of Living (Tenant Protection) (Scotland) Bill by 88 votes to 29 on Tuesday evening.

Stage two amendments will be taken on Wednesday and a final vote will happen on Thursday.

A motion to treat the Bill as emergency legislation was passed by 86 votes to 28 earlier on Tuesday.

Rent freeze Bill passes first stage at Holyrood

The Scottish Government minister appeared at a Holyrood committee on Tuesday ahead of the Bill being debated (Jane Barlow/PA)

The Scottish Tories voiced

Rent Out Property

Soaring housing costs have renters mulling how they’ll vote in the midterms

Soaring housing costs have renters mulling how they’ll vote in the midterms

Soaring housing costs have renters mulling how they’ll vote in the midterms.

Shacoma Wilton-Waddell always thought she’d be a homeowner by now.

Instead, the 41-year-old clinician at a domestic abuse shelter in Tucson, Arizona, was forced to downgrade from a two-bedroom to a one-bedroom rental apartment last month.

“It has been a nightmare. I have moved multiple times. I’m seeing some of the same units in the same properties rent for double the price, and nothing has changed as far as the aesthetic,” she said. “It’s not like they’re adding amenities and upgrading the units. They’re literally just changing the

Rent Out Property

Rent Going Up? One Company’s Algorithm Could Be Why.

Some have complained high-paying tech jobs have driven up rents in major tech hubs — creating an exodus that will later drive up rents in other cities.

But ProPublica asks whether there’s another technology at work:

On a summer day last year, a group of real estate tech executives gathered at a conference hall in Nashville to boast about one of their company’s signature products: software that uses a mysterious algorithm to help landlords push the highest possible rents on tenants. “Never before have we seen these numbers,” said Jay Parsons, a vice president of RealPage, as conventiongoers wandered by.