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Price collusion is still price collusion when an algorithm does the pricing for you. I hope they nail these fuckers to the wall with fines and breaking apart their companies.
I hope so as well, but am not optimistic.
If recent history has shown us anything, it's that this will just lock in the current rates. Of which the combined profits from, will be exponentially more then whatever legal costs and fines are ultimately paid.
Maybe a single pasty will get 36 months, with 24 suspended.
All of which will eventually be overturned on appeal to SCOTUS.
If this was to do with collusion against home owners, a significantly powerful voting block that is politically catered to, it'd be different.
But renters are viewed as livestock, the pay pigs for the elite, and only given enough illusions of justice or action to avoid bread riots.
I will provide the caveat that if this investigation dovetails into, or brings in, investigations into companies that also harm the interest of middle class homeowners, there might be some hope for it making a dent.
honestly, if recent history was anything to go on this investigation would have never started or immediately ended, agreeing they did nothing wrong.
you might have a point about supreme Court meddling, but this all feels new to me.
It's only new-feeling cause it's been 20-some years since we've had a democratic control of most parts of the government.
It's pretty neat, right?
You're referring to settlements where the accused pays a fine and maybe agrees to certain conditions, but is allowed to do so without admitting to any wrongdoing.
That part comes after the investigation concludes...which is exactly what I'm talking about.
We can probably thank Lina Khan, chair of FTC for this. It's amazing to finally have someone back in the FTC that cares about protecting consumers.
I wonder who appointed her and then who voted to confirm her appointment.
"President Joe Biden elevated Amazon critic and anti-monopoly advocate Lina Khan to chair the Federal Trade Commission on Tuesday, hours after the Senate confirmed her by a 69-28 vote.
She was sworn in just as quickly, the FTC said that evening."
That sounds like someone who I want to vote for.
You love to see it
Hey bro you copying me?
Nope. Had to go into your comment history to even see what you mean; I’m not in the brain worms community
Neither am I but I do hangout on all
They raised my rent 20% over two years and priced me out of two apartments. Glad to see progress.
REACH OUT TO YOUR REPRESENTATIVES
Hello,
It has recently been widely reported that the FBI raided a corporate landlord in Arizona due to their use of RealPage to engage in price-fixing. I have reason to believe that RealPage has been used by landlords in [state] as well, so I am curious to know if [state] renters that may have been victimized by landlords using RealPage will also be able to depend on our elected officials to step in and enforce the consumer protection laws that we need in order to fight back against the wildly predatory price increases we have been experiencing from so many different directions. Please tell me this is an issue where the real people of [state], and not the corporations that speak far too loudly with their dollars, have our representatives behind our backs.
When and if wrongdoing is found, can we also expect to be fairly and fully compensated for the greedflation that landlords stole? And if those costs are too high for a particular landlord to bear, perhaps ownership of the effected properties should instead be transferred to the government to establish more low-income housing facilities and in doing so, help address crises in housing, homeless, and skyrocketing costs. What if we start treating corporations with the same uncaring hand they treat consumers, instead of handling them with kid-gloves? Can [state] citizens count on your support in keeping our people, not our corporations, as your top priority?
Respectfully, [name]
sounds like carteling more than monopoly but maybe that's just a sub category
Every single industry has created one of these pricing consultancy companies where they pool their information, if they're really going after this, the American business community is nothing but low hanging fruit.
The Supreme Court will stop it of course, that's what they're paid for.
Now do them all
Would've never rented from them had I known this.
Fuckem.
We should bring back impalement as a form of punishment, specifically corporate landlords all impaled in the town square, Vlad Dracula-style.
Just roll the houses back to 2012, and make a price cap.
this post was submitted on 06 Jun 2024
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