Submitted by JCwhatimsayin t3_z3jtbw in jerseycity
pixel_of_moral_decay t1_ixoigpc wrote
Reply to comment by [deleted] in Algorithmic rent setting service under investigation by DOJ for collusion with landlords by JCwhatimsayin
They don't have control either.
The contracts behind the loans that the building was built with dictate how pricing is set. There's lots of fine print in those agreements to protect the investors.
A company can't just negate those contracts and set prices how they want. They agreed to run that building financially in very explicit terms before they broke ground.
GeorgeWBush2016 t1_ixp1t6n wrote
What type of financing are you talking about?
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