- 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.
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Haha I’m in this picture!
One was small claims court. They kept my security, tried to charge me a exit fee and demanded I pay more for cleanup. Then a late fee for refusing to pay! The idiots sent a manager over to small claims to defend it, who was literally out of her element. The judge kept going, “Where in the lease does it say that?” And this dummy manager didn’t know anything, forcing the court to give me my security deposit and drop the fees.
The other was threatening small claims court for an $2k because they ignored my email of my exit date, and tried to charge me a extra month. They immediately “found all my paperwork” all of a sudden and dropped it.
These fuckers are absolutely nickeling and diming people. And more people should be ready to flood the courts with their bullshit.
My uncle is a landlord.
He has NEVER had to pay a security deposit back. The judges in this small town always side with him.
Your uncle is a scum lord
Sounds like a cunt 👍
Congrats? The fuck you want a cookie?
Sure, moron.
I’ll take a cookie.
Like it’s my fault or something.
Sorry man, I was in a bad mood and took it out on you.
We need a national renters bill of rights! Rent control is badly needed because no one can afford to live anymore. If America becomes a nation of renters our economy will collapse.
Just looked at that company’s website. Gotta love the frigid mentality that causes them to refer to people’s home and shelter as a “business” and talk about “minimizing costs” like it is making fucking dog collars.
If anyone knows how to get in touch with Anonymous, please suggest that they obliterate this dystopian nightmare from the face of the internet.
This is essentially the same way that my employer sets pay ranges.
They send a list of job titles and descriptions to an outside company along with the number of employees and how much each of those employees are paid. Lots of other employers send their info and the outside company tries to match up all the job descriptions and then sends back to all of the employers what the “market range” is for every job.
My employer then decides where in that range they think is “competitive” (hint: its near the bottom). That’s the amount HR and Finance are willing to approve when hiring someone into a role, regardless of experience. The wages are only “competitive” if every other employer goes along with the scheme and offers the same amount.
In the U.S. (not sure if this is elsewhere) you have the work number too. Employers that participate share every pay period and bonis to your record. Then future employers can look up and see exactly how much you were making when they run the background check.
Man this seems like a great target for Anonymous to permanently cripple… 🙏🏼
Good for the renters. Hopefully they can win.
Get Yardi too. Same crap wrapped up in a more terrible software package.
“the software takes empathy out of the equation”
I can’t wait to see how even more callous the software can get when they add “A.I.” to it. Maybe they’ll just cut out the rental office people altogether and all customer service will be with a glorified chat bot.
I have no idea how people can afford to rent. In my general 5 square mile area, there are literally dozens of new apartment complexes, townhomes, and housing developments that are built strictly to rent, and the rent for all of these places range from $1500 for a 2 bedroom apartment to $3000 per month for the townhomes and rental houses. I just don’t understand the system where these people somehow cannot afford to buy a home but are expected to pay more than a mortgage in rent.
Houses and mortgages in my neighborhood aren’t much cheaper for an older house with 2 bedrooms and 1 bathroom. I know owning and a 300/month savings off that higher rent price is not nothing but it’s not the huge savings it was several years ago to instead have a mortgage. That said I’m not sure how anybody is affording anything.
Price fixing is normal and doesn’t require explicit collusion.
Have you ever seen gas stations on 2 sides of the road with the exact same prices? It’s a genlemen’s agreement.
This lawsuit will go nowhere.
Big landlords use software to scrape rents from all sorts of websites. One site can not be solely blamed. With the data available out there it’s no wonder they’re all aligned
