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Why U.S. renters are taking corporate landlords to court (www.cnbc.com)

submitted 9 months ago by [email protected] to c/[email protected]

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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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[–] [email protected] 12 points 9 months ago* (last edited 9 months ago)

Competitive wages is jargon for "We'll pay you you the least possible amount of money. It's competitive for us."

Edit: Spelling is important.