426
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.
All of which will eventually be overturned on appeal to SCOTUS.
Way too much cynicism. The current SCOTUS isn't nearly as beholden to big money interests as many people love to pretend they are. Their recent upholding of funding for the CPB is a prime example of this.
......SCOTUS has been expanding corporate power since long before the current majority. This is a nearly 40 year long project and it transcends any nominal association of a justice as being liberal or conservative.
There's no doubt that it has been accelerated as of late, but don't kid yourself about who they serve
Also, that CFPB case would have wrecked the status quo of power and how government funding works. Not a subtle shift, or a quick jolt, but a fucking wrecking ball by making it so that programs that makeup nearly 2/3rds of the federal budget would have to be continually reauthorized e.g. Medicare, Social Security, etc.
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.
This is great, and I don't mean that in a "fuck landlords" way either. It was good to see the DoJ start anti-trust action against RealPage and it's great that it's continuing. The Government has a true role to fill as Referee in the Marketplace and they've been absent for far too long.
I mean it in a fuck landlords way, too, though.
You love to see it
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.
So instead of 1 Million dollar 2 bedroom condos in Phoenix they might be looking at 660k dollar condos?
Let me guess, you didn't read the article
Only up to the 30% part at which point I immediately ran to the comments to make this snarky satyrical comment.
this post was submitted on 06 Jun 2024
426 points (99.1% liked)
News
22851 readers
4513 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS