- 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.
Not a landlord, but I had a similar excuse thrown at me by a dealership. Towed my car an hour for a recall to a college town because everywhere else was booked for a while. They did close to $1000 of unauthorized work and then threw a fit when I told them I would not be paying for it unless they could show me a signed document where I agreed. When they realized I wasn’t a broke college kid after I threatened legal action and to report my car stolen if they were not willing to give it back, I got the “this was a misunderstanding, it never should have went this far” from the owner who had just called me a liar 10minutes prior. Such obvious BS