- cross-posted to:
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- cross-posted to:
- [email protected]
- 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.
Multiple people living together. I recently went to Washington about an hour north of Seattle at a place I lived at a long time ago. Place was a shithole with plazas boarded up. This was like a decade ago. Went back there this last fall and shitty homes there are like half a million dollars. It took a few days before it clicked at how many fucking cars there were lining up and down all the streets. Even where I visited had like 4 adults; there’s just so many damn people bunking together now even with full time jobs.