Feds raid corporate landlord, escalating nationwide criminal probe of rent increases
Feds raid corporate landlord, escalating nationwide criminal probe of rent increases
Over the last four years, rents have skyrocketed by an average of over 30% nationwide and are a major factor in the overall inflation rate. There are a variety of factors behind the increases, including an overall housing shortage. But the Department of Justice is investigating another potential cau...
If this was China or Vietnam this mfer would get the death penalty
But the Department of Justice is investigating another potential cause: a massive criminal conspiracy among large landlords
Being a landlord in itself should be a massive criminal conspiracy.
Specifically, RealPage employs "pricing advisors" who "meet with landlords to ensure that properties are implementing RealPage’s set rates”
You’re describing price fixing. You are literally describing the crime you are committing.
You either have to be impossibly stupid to do this and/or extremely evil - also confident your government is so broken they won’t come after you with antitrust laws.
Arizona's lawsuit alleges that RealPage "puts significant pressure on participants to ensure they adopt RealPage’s prices." Specifically, RealPage employs "pricing advisors" who "meet with landlords to ensure that properties are implementing RealPage’s set rates." This is described by Arizona as "policing the conspiracy to make sure no one cheats by lowering prices and trying to gain market share." RealPage training materials, cited in the DC lawsuit, advise that landlords "should be compliant" with the software's pricing recommendations. The Arizona lawsuit claims that landlords "agree that if they fail to consistently implement RealPage’s set rates, their contract with RealPage will be terminated." Jeffrey Roper, who created the RealPage algorithm, explained that if "you have idiots undervaluing, it costs the whole system"
There are a variety of factors behind the increases, including an overall housing shortage.
There 28 vacant homes for every one person experiencing homelessness in the U.S.
There are a variety of factors behind the increases, including an overall housing shortage.
There 28 vacant homes for every one person experiencing homelessness in the U.S.
There are a variety of factors behind the increases, including an overall housing shortage.
There 28 vacant homes for every one person experiencing homelessness in the U.S.
Dental plan!
The vacant homes aren't in the same places the homeless people are trying to live tho.
which could easily be solved if the government didn't tax the working class for existing
Totally real person when there is vacant housing in Vermont but they're homeless in NYC. "Hey I'm tryin' to die of exposha ova here"
what're they going to do, fine them for 3% of the money they made?
holy shit not posted in fakenews
nothing good will happen tho, some dickhead just wasn't paying taxes or something
Someone didn’t lobby enough
Remember when there were a few of them uncomfortable with the "lord" part of landlord? Persons of property? Land people? Whatever fucking shit they came up with?
lol yeah
Funny how the lord part really isn't the part that matters. We want the land, motherfuckers.
