The U.S. Justice Department is suing several large landlords for allegedly coordinating to keep Americans’ rents high.

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.

  • Bizzle@lemmy.worldEnglish
    6·
    12 hours ago

    I believe there is approximately a 0% chance that this goes anywhere under the incoming administration, who holds nothing but contempt for the common man. Too bad people are too concerned with the fucking “cUlTuRe WaR” to care 🥲