Why U.S. renters are taking corporate landlords to court
cnbc.com
- 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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Because when the deck is stacked against you with even finding a place to rent - let alone one of decent quality at an affordable price - reviews might not be that helpful?
If you're starving, a stale hunk of bread is better than none.
Can we engage on this? I feel for the people who are truly on the edge. I would also suggest that organizing those who are still housed to share information for mutual advantage is a cool idea.