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DOJ files rent-fixing lawsuit against corporate landlords' go-to software firm (www.rawstory.com)

submitted 2 months ago by BrikoX@lemmy.zip to c/legalnews@lemmy.zip

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Executives at the property management software company RealPage claimed they had the "greater good" in mind when they offered corporate landlords a price-fixing algorithm service, said the U.S. Department of Justice as it filed a lawsuit Friday against the firm—but the scheme allegedly drove rental costs up in communities across the country, contributing to the housing crisis.

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[–] conciselyverbose@sh.itjust.works 21 points 2 months ago (1 children)

Dear DOJ,

Please prosecute the actual people using this tool to collude, too.

Thanks.

[–] deadtom@lemmy.world 8 points 2 months ago

Analyze price increases from start to stop of using the tool. If above X, congrats you're on the hook for making your victim whole plus damages.

They'll bitch that it's going to financially devastate the landlords but they gave zero fucks about the families they have greedy been looting and the devastation they have already experienced.

Let's see some landlords on the street for a change.