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.

  • jballs@sh.itjust.worksEnglish
    11·
    23 hours ago

    The department… is accusing six landlords that collectively operate more than 1.3 million units in 43 states and the District of Columbia of scheming to avoid lowering rents.

    Wtf. That’s not a “landlord” that’s a “corporate housing overlord”. That shit should be illegal.

    • Fades@lemmy.world
      6·
      22 hours ago

      That shit is the norm lol. Every apartment I’ve ever lived in except for a very small one has been owned by these big corporations.