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.

  • novibe@lemmy.mlEnglish
    0·
    10 months ago

    A very easy solution is for the government to build public housing? Isn’t it rather obvious? It completely fix all things you talked about.

    Buildings get built, rents are cheaper, and it doesn’t matter if the “returns” are lower than the stock market. The government doesn’t give a fuck about returns, they print the money.

    • frezik@midwest.social
      0·
      10 months ago

      Public housing the US was historically federally funded and was for low income people. It was one of those liberal solutions that tries to solve something, but gets stuck in a system that is already racist, and then the whole thing is made worse by conservatives.

      Social housing, where cities build housing themselves, can be a way out. Most cities don’t have a lot of experience doing this, so it’s going to have to start out with a few small projects. It can be mixed income instead of low income (which tended to support red lining).

      Another possibility is for cities to use their leverage with developers to favor unionized shops. This may not be possible under existing state laws, however.

      • novibe@lemmy.mlEnglish
        0·
        10 months ago

        Definitely should be mixed income, and the planning for it is better handled more locally (neighbourhood/borough, city, town etc.). But it should be funded federally, cause cities can’t print money. All development they make has to be funded by taxes. The federal government doesn’t have to earn a dime, they can just print a couple hundred billion and distribute it to all the major population centers to develop public housing and infrastructure however they see best. That would work best imo