- cross-posted to:
- brainworms@lemm.ee
- cross-posted to:
- brainworms@lemm.ee
Summary
The U.S. Justice Department, joined by 10 states, has sued six major landlords and RealPage, a company behind a rent-setting algorithm, accusing them of colluding to keep rents high by sharing sensitive pricing data and avoiding competition.
The landlords, operating over 1.3 million units, allegedly used RealPage’s algorithm and coordination to align rents, exacerbating the housing crisis.
One landlord has agreed to cooperate with prosecutors.
Critics argue this scheme worsens affordability issues for renters, who already face record rent burdens amid a strained housing market.
Oh hey just in time to go absofucukinglutly nowhere!
Can’t wait for the Trump administration to pull some “Communist Democrats unfairly tried to punish Good Productive Landlords™ because the Democrats want you to pay more in rent! That’s why we’re dropping the case and giving them billions in subsidies!”
This has been going for a while and hopefully the involvement of the states means it won’t go away.