- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
- A group of lawsuits accuse large landlords of price-fixing the market rate of rent in the United States
- A complaint filed by Washington D.C.’s Attorney General alleges 14 landlords in the district are sharing competitively sensitive data through RealPage, a real estate software provider
- RealPage recommends prices for roughly 4.5 million housing units in the United States
- RealPage told CNBC that its landlord customers are under no obligation to take their price suggestions
A group of renters in the U.S. say their landlords are using software to deliver inflated rent hikes.
“We’ve been told as tenants by employees of Equity that the software takes empathy out of the equation. So they can charge whatever the software tells them to charge,” said Kevin Weller, a tenant at Portside Towers since 2021.
Tenants say the management started to increase prices substantially after giving renters concessions during the Covid-19 pandemic.
My answer, cap the number of single-family rental homes in a given jurisdiction. Give 5-year chits that authorize a property owner to rent the property, then every 5 years have some sort of event that allows someone else to take the chit. That way you don’t have 80% of the single-family homes being bought up for rentals and it doesn’t bar the market from having new people enter.
As for the event, my preference is for a landleech Thunderdome. Two blood suckers enter, one leaves, and they are allowed to profit off someone else’s hard work. Corporations are allowed to participate by champion proxy, but the champion must be a C-level executive and they must participate in every match for every property they rent.
Apartments and multi-family homes (duplex, triplex, etc.) can be rentals as far as I am concerned because there is room for it in society, but housing needs to be put in the constitution as a right (as does food) and rent has to be more regulated.
Or we could just ban single family house renting. Hell, the a few cities where they should be banning any new single family housing at all.