New legislation in Congress aims to tackle a financial burden weighing on millions of households -- rent that is too damn high, as one NYC activist famously claimed.
Price fixing and collusion is one problem. Allowing hedge funds to buy up large amounts of all available housing is another. Two of them joined together to become a conspiracy. How about you focus on that, and force them to divest the grip they have on US real estate instead of just trying to get the bad actors to stop what they’ve already accomplished?
Also, that report says $90-130 per month was the padding RealPage put on prices? I call bullshit on that. Rents jumped 100-250% in all major markets in just a few years, and RealPage was already found to be involved in all that. Nobody cares about $130/mo when your rent is $2k-4k.
Price fixing and collusion is one problem. Allowing hedge funds to buy up large amounts of all available housing is another. Two of them joined together to become a conspiracy. How about you focus on that, and force them to divest the grip they have on US real estate instead of just trying to get the bad actors to stop what they’ve already accomplished?
Also, that report says $90-130 per month was the padding RealPage put on prices? I call bullshit on that. Rents jumped 100-250% in all major markets in just a few years, and RealPage was already found to be involved in all that. Nobody cares about $130/mo when your rent is $2k-4k.