US Justice Department accuses six major landlords of scheming to keep rents high
- The U.S. Justice Department is suing several landlords for allegedly coordinating to keep rents high by using an algorithm and sharing sensitive information with competitors, as reported by the U.S. Justice Department.
- The lawsuit claims that six landlords operating over 1.3 million units are scheming to avoid lowering rents, according to the U.S. Justice Department and 10 states.
- Doha Mekki, Acting Assistant Attorney General, stated the action seeks to end practices that prioritize profits over people and aims to make housing more affordable for millions.
- Jennifer Bowcock of RealPage said their software is used on fewer than 10% of rental units and that the root cause of high housing costs is the under-supply of housing.
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Total News Sources0
Leaning Left31Leaning Right11Center42Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 37%
C 50%
13%
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