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submitted 9 months ago by MicroWave@lemmy.world to c/news@lemmy.world
  • 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.

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[-] aStonedSanta@lemm.ee 0 points 9 months ago

No it wasn’t. He shoulda taken them to court sued and gotten on record this company acts this way so we hav precedent for this situation. In this story. No one wins. Company didn’t keep their security deposit and the renters time was wasted completely. No one won lol

this post was submitted on 05 Feb 2024
658 points (99.1% liked)

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