BlackPrincessPeach_ t1_itot0ag wrote on October 25, 2022 at 5:26 AM

Finally glad this is getting some media coverage.

#Landlords across the country have been engaging in Illegal Price Fixing, under the BS of “market rate algo software”

ClaymoreMine t1_itq0wr8 wrote on October 25, 2022 at 1:52 PM

They’ve also been avoiding paying their fair share in taxes using 1099 and shell schemes. They’ve also been hiding their true assets for years by lobbying against beneficial ownership disclosure rules.

Early-Size370 t1_itq5wh8 wrote on October 25, 2022 at 2:27 PM

Fr. First read about this scummy thing on Axios. Gonna read the articles from Ars Technica and Propublica soon.

InferiousX t1_itqsbj7 wrote on October 25, 2022 at 4:55 PM

I wouldn't even use the phrase "landlords" as much as it's more like these big conglomerate companies that buy up swaths of housing.

But I'm with you. This is a big problem and a big reason some people are having to chose between getting groceries and getting gas that week. Everyone needs a place to live and these fuckers have found a way to leverage that need into more profits.

I'm not sure what the answer is here but these companies need some regulation.

menemenetekelufarsin t1_itrh17h wrote on October 25, 2022 at 7:33 PM

Seems to me like you know what the answer is - regulation.

InferiousX t1_itrhs3k wrote on October 25, 2022 at 7:38 PM

Yea but it's gotta be intelligent regulation and I don't know what that looks like in this instance.

menemenetekelufarsin t1_itrhzdz wrote on October 25, 2022 at 7:39 PM

Well, when the US government stops using consultants from Bain and McKinsey to help them with research, you will find out. I wouldn't hold my breath though.