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14 big landlords used software to collude on rent prices, DC lawsuit says (arstechnica.com)

submitted 1 year ago by [email protected] to c/[email protected]

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14 big landlords used software to collude on rent prices, DC lawsuit says::Suit claims employees were told pricing outside the algorithm was "unacceptable."

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[–] [email protected] 79 points 1 year ago (6 children)

I hope people understand how this drives up rent prices in your area, it's insane. They're price fixing.

[–] [email protected] 53 points 1 year ago (4 children)

Theoretically that is illegal.

Penalties for this should be severe. Like, impounding company assets and destroying them.

[–] [email protected] 18 points 1 year ago

Turn their properties into a coop and give the shares to the tenants

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