- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
- A group of lawsuits accuse large landlords of price-fixing the market rate of rent in the United States
- A complaint filed by Washington D.C.’s Attorney General alleges 14 landlords in the district are sharing competitively sensitive data through RealPage, a real estate software provider
- RealPage recommends prices for roughly 4.5 million housing units in the United States
- RealPage told CNBC that its landlord customers are under no obligation to take their price suggestions
A group of renters in the U.S. say their landlords are using software to deliver inflated rent hikes.
“We’ve been told as tenants by employees of Equity that the software takes empathy out of the equation. So they can charge whatever the software tells them to charge,” said Kevin Weller, a tenant at Portside Towers since 2021.
Tenants say the management started to increase prices substantially after giving renters concessions during the Covid-19 pandemic.
That is incredible you were able to advocate for yourself that way.
It’s exhausting to have to fight like that for a fair shake. It makes me sad because I know how much energy and focus that takes.
Even if the victims can recoup some money, settlements almost never pay out commensurate with what was financially lost. What’s more is that company and the landlords who utilize it will never be able to repay the people whose effort, happiness, and opportunity they stole.
Yeah it was like my own little holy war. It went on for quite a while. Honestly it’s partly that I just like being a pain in the ass and being hostile to people, and this was a golden opportunity where it was warranted.
Think about if all the vitriol that goes into internet political arguments could instead be turned outwards at the people who run the fucked up system. It was a brief moment where that energy was channeled in a productive direction and towards the source of the problem.