LANDLORDS ADMITTED TO PRICE FIXING. The DOJ just exposed how RealPage's algorithm coordinated rent prices across 16 million apartments, adding 25% to rental inflation. One landlord literally called it "classic price fixing" IN WRITING.
This investigation reveals:
How landlords removed "too much empathy" from rent pricing
Why apartments stay empty to drive up prices (ON PURPOSE)
The $3.8 billion overcharged to renters in 2023 alone
How 6 major landlords control 1.3 million units with one algorithm
Why you can't negotiate rent anymore (spoiler: the algorithm won't let them)
The Department of Justice lawsuit reveals a conspiracy affecting 36% of all rental households in America. In some cities like Phoenix and DC, 70-90% of apartments use this price-fixing software.
You're not bad with money. You're not irresponsible. The game was literally rigged against you.
Sources: DOJ Lawsuit, ProPublica Investigation, White House Economic Report 2024, Arizona AG Investigation
#RentCrisis #RealPage #HousingAffordability #AlgorithmicPricing #DOJLawsuit #CorporateLandlords #RentControl #HousingJustice #MillennialHousing #RentIsRigged
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