Tenants say Bay Area landlords colluded to inflate rents. Now, the Department of Justice is involved
Briefly

from www.mercurynews.com6 months ago
"Americans should not have to pay more in rent because a company has found a new way to scheme with landlords to break the law," U.S. Attorney General Merrick Garland stated, emphasizing the significance of strict antitrust regulations in ensuring fair market practices in the housing sector.
www.mercurynews.comhttps://www.mercurynews.com/2024/08/26/tenants-say-bay-area-landlords-colluded-to-inflate-rents-now-the-department-of-justice-is-involved/
In their lawsuit, the Department of Justice included statements from landlords who describe the software's anti-competitive practices, highlighting how it utilizes proprietary data from subscribers to fix prices. This raises questions about the ethical nature of its algorithms.
www.mercurynews.comhttps://www.mercurynews.com/2024/08/26/tenants-say-bay-area-landlords-colluded-to-inflate-rents-now-the-department-of-justice-is-involved/
RealPage defended its business model, asserting that landlords retain autonomy to set prices based on the recommendations provided by their software, placing blame on external market factors rather than its practices.
www.mercurynews.comhttps://www.mercurynews.com/2024/08/26/tenants-say-bay-area-landlords-colluded-to-inflate-rents-now-the-department-of-justice-is-involved/
Read at www.mercurynews.com
#antitrust-lawsuit #real-estate #rental-market #competition #housing
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