3 ms·
Rent is the biggest expense in most peoples lives, and rent is too high. That's not doom and gloom, it's a fact. The FTC and DOJ are suing landlords for using "
by leereeves 3y ago
Rent is the biggest expense in most peoples lives, and rent is too high. That's not doom and gloom, it's a fact. The FTC and DOJ are suing landlords for using "illegal collusive algorithms" to maximize rents [1]. A recent study [2] reported that half of all US renters, an all-time high of 22.4 million renter households, are cost burdened; evictions have risen; and the country is seeing the highest homelessness counts on record.
1: https://www.ftc.gov/business-guidance/blog/2024/03/price-fixing-algorithm-still-price-fixing https://www.ftc.gov/business-guidance/blog/2024/03/price-fix...
2: https://www.jchs.harvard.edu/americas-rental-housing-2024 https://www.jchs.harvard.edu/americas-rental-housing-2024