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DOJ sues software firm RealPage for allegedly helping landlords collude to keep rents high

  • The Department of Justice accused software company RealPage of unlawfully scheming to undermine competition among landlords and create a monopoly that harms millions of renters.
  • RealPage “allows landlords to manipulate, distort, and subvert market forces,” the Justice Department said in the federal civil antitrust lawsuit.
  • Attorney General Merrick Garland said, “Everybody knows the rent is too damn high, and we allege this is one of the reasons why.”
homesweethomeMrL ,

Yeah, now where’s my unredacted Mueller Report you fuck.

BetaBlake ,

If Kamala wins, I hope she chooses somebody with some more teeth as the AG. I like Doug Jones personally

lolcatnip ,

I love his work in Star Trek Discovery.

Shirasho ,

If you want more reasons to hate landlords head over to the r/landlords subreddit. The people there are some of the nastiest, heartless people you will ever see.

Empricorn ,

This is great! Actual work being done on the sky-high rent prices.

uberdroog ,
@uberdroog@lemmy.world avatar

“Allows landlords to manipulate…” What are we saying? They shuffle the responsibility of being an asshole onto the software? End of the day landlords were greedy bitch’s.

Empricorn ,

I mean, colluding with your competition to keep prices high is against the law. Yeah, they may still call their buddy across town and (illegally) coordinate what price to set the rent at, but the impact of that, vs a business that’s incentivized to keep all prices high to the benefit of them and landlords!? Not even close…

dhork ,

They shuffle the responsibility of being an asshole onto the software?

That’s quite literally it. It’s much easier to raise rents when the magic computer tells you to do it. Then no human in your organization actually has to take responsibility for the decision.

lolcatnip ,

I don’t see the problem here. Yes, I’d rather see landlords themselves punished for price fixing, but that’s unlikely to happen because it involves prosecuting a huge number of defendants on charges that are hard to prove. Depriving them of software that’s tailor made to facilitate price fixing seems like a good first step. Who knows, a successful suit against the software company could end to making it a lot easier to sue the landlords who used it.

Fapper_McFapper , (edited )

Can we do Airbnb too?

Edit: Oh look, an Airbnb host/owner must have read my comment. Fuck you for ruining my neighborhood.

kboy101222 ,

And preferably outright ban it!

shalafi ,

It’s a good idea and has it’s place. But see my comment about us Americans taking a good thing and trying to wring every penny out of it, thereby hurting the rest of us.

Dudewitbow ,

a lot of cities and neighborhoods ban AirBnB.

if you have an airbnb problem, should bring it up at a local city council meeting to get shit done or an HoA if you live in an HoA neighborhood . its of the few things that actually do work and has shown to work in places.

Fapper_McFapper ,

I’ve been thinking about going to our city council but it looks like our city is embracing the Airbnb model. I think my first order of business is to collect signatures in the neighborhood and then go to our city council. Thanks for the advice!

subignition ,
@subignition@fedia.io avatar

i upvoted you, but if a single downvote is provoking that kind of an edit from you, you really need to take a break from the internet for a while

Fapper_McFapper ,

Nah, I don’t really care about downvotes. I really, really hate Airbnb their hosts and their owners. I hate the entire business model. Like I said, they ruined our neighborhood. So the edit is for the Airbnb host/owner. Also, I’m upvoting you because I enjoy having conversations and reading other points of view. Have a great day!

shalafi ,

AirBnB is a classic example of us Americans taking a great idea and running it in the ground for profit at the expense of society at large.

What if I have more house than I need and live in a nice area? Rent a room or two out to short-term visitors! I get a little folding money, they get a better and cheaper experience than a hotel.

Then these fuckers started buying homes strictly to make their little hotels. We have to dial this in, and while I’m often skeptical of solving issues with legislation vs. the free market, we seem to be too stupid to stop paying these parasites.

It if makes you feel any better, it looks like the bubble has burst on these damned houses, lots of people going to eat shit in the coming years. I hope.

reddig33 ,

Has this guy won any of the high profile cases he’s brought to DOJ?

Atom ,

In 2024, the DOJ has collected over a billion dollars in plea agreements across 3 of the 6 cases brought. The other 3 appear to be unsettled.

justice.gov/…/related-enforcement-actions-2024

MediaBiasFactChecker Bot ,

CNBC - News Source Context (Click to view Full Report)Information for CNBC:
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> Wikipedia about this source

Search topics on Ground.Newshttps://www.cnbc.com/2024/08/23/doj-realpage-landlord-rent-collusion-antitrust.html

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jwt ,

This one is still net positive?! Lemmy’s voting system must be malfunctioning or something.

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