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DOJ Sues Six Large Landlords for Algorithmic Pricing Scheme That Harms Millions
- WarOnPrivacy 2y agoThe DoJ amended the complaint filed (against RealPage) last August, and added 6 landlords: Greystar Real Estate Partners Blackstone’s LivCor LLC Camden Property Trust Cushman & Wakefield/Pinnacle Property Management Willow Bridge Property Cortland Management LLC Cortland Agrees to Cooperate with Justice Department and Enter into a Settlement to End the Use of Common Rental Pricing Algorithms and Competitively Sensitive Data to Set Rents
- ChrisArchitect 2y agoRelated from 5 months ago: DOJ sues realpage for algorithmic pricing scheme that harms renters https://news.ycombinator.com/item?id=41330007 https://news.ycombinator.com/item?id=41330007
- zcrossing 2y agoPenalty is a cost of doing business.
- newyankee 2y agoAll this is good. But honestly long term thinking needs some kind of decoupling of housing being an investment and bigger taxes on second, third or other houses without having loopholes via company structure etc.
- getwiththeprog 2y agoThere are so many areas to invest and make money that really add to human good, progess and production. Buying and renting houses and land so others can pay a 'baron' holds back artistic communities, slows legitimate growth and hampers small businesses. We are seeing the decay of innovation and quality of life in our communities for the financial enrichment of very few - who in real terms also suffer from the lack of diversity, choice and social climate that follows their investments.
- dzhiurgis 2y ago> Buying and renting houses So you say rentals should not exist at all?