The U.S. Justice Department is suing six major landlords. Here's whyThe U.S. Justice Department is suing major landlords for allegedly colluding to keep rents high, worsening the housing crisis for millions of renters.
US sues six of the biggest landlords over "algorithmic pricing schemes"Landlords coordinated behaviors beyond using RealPage's algorithms, involving direct communication on sensitive pricing information.RealPage's software encouraged practices such as 'auto-accept settings,' leading to discussions among competing firms.The DOJ's lawsuit emphasizes collusion among landlords in adjusting and sharing pricing strategies.