U.S. landlords who use RealPage products to set prices on rental apartments are facing accusations of collusion.
  • 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.

  • LilB0kChoy@midwest.social
    106·
    10 months ago

    People should not own more than one living place and that place should be the place that they live in.

    This isn’t realistic. Maybe not owning additional homes for the sole purpose of renting to make a profit would be a better statement to make.

    • Ghostalmedia@lemmy.worldEnglish
      32·
      10 months ago

      No renting = I hope you like camping in the woods, because that’s going to be your only option when you travel for vacation.

      • LilB0kChoy@midwest.social
        36·
        10 months ago

        Hotels/motels still exist.

        I’m not going to get into the discussion about whether renting should or should not exist but I can get behind the idea that renting for profit shouldn’t be a thing.