The DOJ accused RealPage of unlawfully scheming to undermine competition among landlords and create a monopoly that harms millions of renters.
  • The Department of Justice accused software company RealPage of unlawfully scheming to undermine competition among landlords and create a monopoly that harms millions of renters.
  • RealPage “allows landlords to manipulate, distort, and subvert market forces,” the Justice Department said in the federal civil antitrust lawsuit.
  • Attorney General Merrick Garland said, “Everybody knows the rent is too damn high, and we allege this is one of the reasons why.”
  • shalafi@lemmy.worldEnglish
    29·
    4 months ago

    AirBnB is a classic example of us Americans taking a great idea and running it in the ground for profit at the expense of society at large.

    What if I have more house than I need and live in a nice area? Rent a room or two out to short-term visitors! I get a little folding money, they get a better and cheaper experience than a hotel.

    Then these fuckers started buying homes strictly to make their little hotels. We have to dial this in, and while I’m often skeptical of solving issues with legislation vs. the free market, we seem to be too stupid to stop paying these parasites.

    It if makes you feel any better, it looks like the bubble has burst on these damned houses, lots of people going to eat shit in the coming years. I hope.