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.
They should have a criminal charge for crimes against the economy. They did this to us. They made it this way. There needs to be tangible justice.
This was the point of the Reagan Revolution, the trickle down economics con, and the federalist society takeover that began under Reagan.
The owners spent decades removing accountability from the owners and any hope for accountability’s return under the current completely captured, warped, and owned constitutional framework.
There’s no voting our way out of this greed prison, as they own both major parties since Reagan. Want a just society? Move to a nation our government hasn’t yet coerced into becoming as bad as us, or help foment L style revolution for a new constitution and nation, this one is too captured for any rational hope.
Unless you think continuing to play this game will lead to a just society. Neoliberals are just the “good cop” in our illusion of choice. We have no vote on the shape or priorities of the economy we live in servitude of, only the social wedges the owners sow division amplifying with for profit media and captured political bully pulpits. “You hate them for being different! They hate you for being different! Fight! Don’t look up!”
It would be nice if they get a fine of 1.3 million housing units.
That’s a lot of social housing. It would put an absolutely amazing dent in homelessness and would help a lot of low income families.
See, this is part of why I agree with things like the corporate death penalty. A company will not care how much it is fined, unless that fine forces it to close. Our justice structure when it comes to actually dealing with corporate entities is WOEFULLY behind the times, and has been artificially kept so for decades. Besides, fining a company that was scheming to keep rents artificially high brings no benefits, nor relief to the actual tenants who were forced out because of high rents.
Fining companies seems to just be a way of getting more money from them.
The fine should be the ill-gained profits PLUS a penalty. If you rob the bank, you don’t get to keep the money when you get caught. Why should it be any different when they rob us?
Make that 2.6 million as a base figure to go up from.
All six have Trump’s endorsement. Especially if they also refuse to rent to black people.
Hang the landlords
How do you keep them up there after the guillotine did its job?
They can hang by their toes
Death sentence seems appropriate in this case.
🤨 i hope this is a joke
Fine, as a warning, seizure of all assets. Let them work their way back up from homelessness. Second offense, though…
In eleven days this will be legal.
has sued six major landlords and RealPage
I don’t see the six landlords listed anywhere. Anyone got the list?
The amended complaint alleges the landlords — Greystar Real Estate Partners LLC (Greystar); Blackstone’s LivCor LLC (LivCor); Camden Property Trust (Camden); Cushman & Wakefield Inc and Pinnacle Property Management Services LLC (Cushman); Willow Bridge Property Company LLC (Willow Bridge) and Cortland Management LLC (Cortland) — participated in an unlawful scheme to decrease competition among landlords in apartment pricing, harming millions of American renters.
Thanks!
If found guilty they should be dispose of.
No reason to spare them after affecting millions of people.
I feel like this is too late to have any impact. Should have done this a year ago. May have even helped with the Biden reelection campaign.
There’s six of them. I wonder how many of us there are.
Oh no! Not accusations! Anyway.
