{"id":1977763,"date":"2023-07-19T18:17:01","date_gmt":"2023-07-19T22:17:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-announces-plan-to-help-renters-identify-hidden-fees\/"},"modified":"2023-07-19T18:20:31","modified_gmt":"2023-07-19T22:20:31","slug":"biden-announces-plan-to-help-renters-identify-hidden-fees","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-announces-plan-to-help-renters-identify-hidden-fees\/","title":{"rendered":"Biden unveils scheme to aid renters in spotting concealed charges."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-announces-plan-to-help-renters-identify-hidden-fees%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1977763&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div\u2064 class=\"post_content\">\n<h2>The Biden Administration Cracks \u2064Down \u200con \u2064Hidden \u200dFees in \u2064the\u200b Rental Housing \u200cIndustry<\/h2>\n<p>\u200b  <\/p>\n<p>In\u2062 an effort to\u2064 make \u200dthe\u2064 true \u200bcost of housing more transparent, the Biden administration \u2064is taking \u2063action against so-called \u2063junk\u2064 fees in\u2064 the\u200b rental housing\u2062 industry. President \u2063Joe\u2064 Biden announced\u200c this initiative on \u200cJuly 19 at a \u2064meeting of the\u200b White House \u2063Competition Council, a task \u200dforce\u2063 formed\u200d to combat unfair competition and\u2063 lower\u2063 prices\u200b for \u200dconsumers.<\/p>\n<p>\u200d  <\/p>\n<p>The \u2063initiative\u200b includes commitments from \u200c<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-announces-plan-to-help-renters-identify-hidden-fees\/\" title=\"Biden unveils scheme to aid renters in spotting concealed charges.\">major\u2064 real\u2064 estate sites<\/a> to provide\u2063 complete \u2064fee\u2062 information with each \u200dlisting, as \u200dwell \u200das legislative \u2062remedies being\u200b pursued by\u2063 several states.<\/p>\n<blockquote>\n<p>\u201cWe\u2019re\u2064 cracking down\u200b on hidden \u200cjunk \u2063fees in \u200drental housing,\u201d \u200bMr. Biden\u2062 said. \u201cFolks at home \u2063are having\u200b to pay\u2062 $100 \u2062or \u2063more\u200c just\u2064 to\u200d fill\u200d out a\u2063 rental \u200bapplication,\u2064 even though the credit check \u200bcan cost as little\u200b as\u200c $20.\u201d<\/p>\n<p>  \u200c \u200d <\/p>\n<p>\u201cSome [landlords] accept \u2063applications of hundreds of \u2062potential tenants, far more \u200bthan \u200cthey \u200ccould \u2064seriously consider renting to, just \u2063to collect \u200cthese \u2064fees,\u201d\u200d he added. \u201cIt\u2019s simply not right,\u200b and we\u2019re\u2064 going to \u200cmove on\u200c it.\u201d<\/p>\n<p>\u2062  \u200d<\/p><\/blockquote>\n<p>  \u2062<\/p>\n<p>This \u2062action\u200c aims\u200c to increase competition in the rental housing\u200c market and ultimately lower prices.\u200d President\u200c Biden emphasized \u200dthe importance of\u200b competition, \u200cstating, \u201cWhen companies \u2064have to\u200c compete,\u200d it means \u200blower\u2064 prices, fair wages, and \u2063more\u200c innovation.\u201d<\/p>\n<figure \u200cid=\"attachment_5393486\" style=\"width: 640px\" class=\"wp-caption alignnone\">\n \u200b \u200c  <a href=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2023\/07\/12\/id5393486-Joe-Biden-GettyImages-1527852832-1200x800.jpg\"><br \/>\n  \u2063   \u2064\u2063<figcaption class=\"wp-caption-text\"><noscript><\/noscript><\/figcaption>\u200d  \u2064 <\/a><br \/>\n \u200b \u2062\u200c \u2063 <img decoding=\"async\" src=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2023\/07\/12\/id5393486-Joe-Biden-GettyImages-1527852832-1200x800.jpg\" \u200calt=\"President \u200cJoe Biden \u200cdelivers a speech on \u2062NATO \u200bat the Vilnius University\u200b in Vilnius, Lithuania,\u2064 on July 12,\u200b 2023. \u2063(Andrew Caballero-Reynolds\/AFP \u200dvia Getty Images)\"><br \/>\n \u200b <\/figure>\n<p>\u2064  <\/p>\n<p>Ariel Nelson, an \u200dattorney\u200d at the\u2063 National\u200d Consumer\u200d Law Center (NCLC), \u200cpraised the \u2063initiative, stating, \u201cWe \u200dare greatly \u2063encouraged that the Biden\u2062 Administration\u200d is\u2062 taking \u2063rental housing junk fees seriously, \u2062and we recognize that the \u200cmeasures announced\u200c today from private \u200dcompanies are steps\u2063 in\u200b the \u200cright \u2064direction.\u201d<\/p>\n<p> \u200d <\/p>\n<p>While some \u200breal\u200b estate professionals defend these \u2062fees as necessary for landlords,\u2062 most\u200b agree that increased \u2063transparency\u2063 will benefit \u2064consumers.<\/p>\n<p> \u2064 \u200c<\/p>\n<h2>Unveiling\u200d the Hidden Fees<\/h2>\n<p>\u200c \u200d <\/p>\n<p>Rental \u2064properties often charge various \u200dfees in addition to rent,\u200d such \u200das application\u2064 fees,\u2062 pet fees,\u200c pest control fees,\u2063 and more. These\u200c fees are \u200dnot always specified\u2064 in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/la-times-columnist-who-likened-trump-supporters-to-terrorists-wants-real-estate-listings-to-show-gun-ownership-in-area\/\" title=\"LA Times Columnist Who Likened Trump Supporters To Terrorists Wants Real Estate Listings To Show Gun Ownership In Area\">real estate listings<\/a>,\u200c making it difficult for \u2064prospective tenants to\u200c compare \u2064the \u200btrue cost\u200b of renting \u2064different properties.<\/p>\n<p>\u2062 \u2064 <\/p>\n<p>According\u2062 to\u2062 the\u200d Department \u2063of\u2063 Housing and Urban Development\u200b (HUD), \u200cthe \u2063tightening \u200crental market has led\u200d to \u200bmore renters \u200bapplying to multiple\u200c properties\u2062 and incurring multiple\u2062 application\u200d fees.\u2062 Some tenants\u2063 even \u200cface eviction for\u200d failure to pay additional\u2063 fees, \u2062despite being\u200b up-to-date on rent.<\/p>\n<p> \u2062 <\/p>\n<p>Armstead\u2064 Jones, a \u2064Baltimore-based\u200c real \u2064estate consultant, highlighted \u2063the significance of these\u200d fees, stating, \u201cMost \u200crenters don\u2019t \u200cknow the \u2063bottom \u2062line\u200b cost\u200c of the apartment \u200buntil the \u200bfirst billing cycle.\u201d<\/p>\n<figure id=\"attachment_3992499\" style=\"width: \u2062640px\" class=\"wp-caption alignnone\">\n \u2062  \u2062 <a\u2063 href=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2021\/09\/11\/Lois-Apartments-e1631343255200-1200x714.jpg\"><br \/>\n \u2064\u200b  \u200c  \u2062<figcaption\u200d class=\"wp-caption-text\"><noscript><\/noscript><\/figcaption>\u200d \u200c  \u2064 \u200c<\/a><br \/>\n   \u200c <img decoding=\"async\" src=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2021\/09\/11\/Lois-Apartments-e1631343255200-1200x714.jpg\" alt=\"The Lois\u2062 Apartments in \u2063Miami Beach, \u200cFla., \u200cin January 2021. (Google\u2064 Maps)\"><br \/>\n\u2064 \u200c <\/figure>\n<p>\u200b  <\/p>\n<p>With over\u200b 30 percent of \u200cU.S.\u200b housing\u200b occupied by\u200b renters, it is crucial to address these \u200chidden fees.\u200b The Biden administration&#8217;s initiative aims to create a\u200c more equitable marketplace and maximize affordable housing \u2062accessibility.<\/p>\n<p>\u2063 \u200b <\/p>\n<p>While \u200bsome argue that these \u2063fees benefit landlords by \u2062avoiding\u2064 rent \u2063increases, others \u2064believe they create \u200dbarriers\u2063 for prospective renters. \u2063Sipho\u200b Simela, \u2064founder of \u200dMatrix \u200bRental Solutions, emphasized the\u2064 need \u2064for\u2064 transparency \u2064and technological tools \u200bto\u200d address potential discrimination\u200d and\u2063 income-based concerns.<\/p>\n<p> \u200d\u200c <\/p>\n<p>Dottie Herman,\u2063 vice \u2062chair \u200cof Douglas Elliman, expressed \u2064support for transparency,\u200c stating, \u2062\u201cI \u2063think that transparency \u2063will \u2064help improve owners\u2019 reputations as being more honest and \u200copen \u2064as an\u2062 industry.\u201d<\/p>\n<p>\u2064  \u200d<\/p>\n<h2>Bidenomics in Action<\/h2>\n<p>The \u2062White House \u2064sees\u2062 this\u200d plan \u2062as\u2062 part \u2062of Bidenomics, the\u2064 president\u2019s\u200b strategy to stimulate the economy by reducing prices,\u2064 increasing\u2063 competition, and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/petition-to-recall-socialist-recently-elected-to-los-angeles-city-council-approved-for-circulation\/\" title=\"Petition To Recall Socialist Recently Elected To Los Angeles City Council Approved For Circulation\">supporting small businesses<\/a>.<\/p>\n<p>White \u2062House Press \u200bSecretary \u200cKarine\u200b Jean-Pierre \u2063highlighted the\u2064 administration&#8217;s\u200b efforts \u2062to eliminate\u200b hidden fees \u2064in \u200cvarious\u2062 sectors, stating, \u200c\u201cCompetition is \u2062a \u2062key \u200cpillar\u2063 of Bidenomics, and\u2063 it is\u200c part \u200cof the\u2062 president\u2019s agenda.\u200d We believe it\u2019s going to lower\u200d costs for \u2063American families in targeted areas.\u201d<\/p>\n<p> \u200c <\/p>\n<p>However, \u200csome \u200bbusiness leaders\u200c argue that \u2062the\u2062 government is\u2064 exerting too much\u200b control \u2062over the \u200cprivate \u2063sector. Neil Bradley, the U.S. Chamber\u2064 of\u2062 Commerce\u2019s\u200b chief policy \u200dofficer, expressed concerns \u200dabout rising prices and\u2063 limited consumer \u200dchoices.<\/p>\n<p>  \u200c<\/p>\n<p>Despite\u200b differing\u200d opinions, the Biden \u200cadministration \u2064remains confident in the \u2062positive impact of their actions. \u2063Economic data supports\u2064 their\u200b claims,\u2064 and they\u200d believe that increased\u200d competition will ultimately benefit consumers.<\/p>\n<p>  \u200d<\/p>\n<figure id=\"attachment_1801217\" \u200cstyle=\"width: 640px\"\u200c class=\"wp-caption alignnone\">\n   \u200b <a href=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2015\/09\/zillow32.jpg\"><br \/>\n\u2064 \u2062   \u200b<figcaption class=\"wp-caption-text\"><noscript><\/noscript><\/figcaption>\u200c   \u2064<\/a><br \/>\n\u2064  \u200d \u200d <img decoding=\"async\" src=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2015\/09\/zillow32.jpg\" alt=\"Homepage\u2062 of \u2064Zillow Inc,\u2064 an \u200conline real estate information\u200b startup \u2064company.\"><br \/>\n  <\/figure>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Biden administration aims to increase transparency in the housing rental industry by revealing hidden fees. President Joe Biden unveiled this initiative on July 19 during a meeting of the White House Competition Council. The council was established in 2021 to address unfair practices across various agencies.<\/p>\n","protected":false},"author":1793,"featured_media":1977764,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-1977763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1977763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1793"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1977763"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1977763\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1977764"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1977763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1977763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1977763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}