Justice Department Sues Six Major Landlords for Algorithmic Rent-Fixing Scheme
The Justice Department, alongside ten states, is suing six major landlords for allegedly colluding to inflate rents. This alleged scheme involved sharing sensitive pricing data and utilizing an algorithm, RealPage, to coordinate rent increases across 1.3 million units. The landlords are accused of prioritizing profit over affordability, exacerbating the ongoing housing crisis impacting millions of Americans. One landlord has agreed to a settlement, while others deny wrongdoing and plan to vigorously defend themselves. The lawsuit aims to curb anti-competitive practices and make housing more affordable.
John Q. Hosedrinker