Because it’s a fucking cartel.
It’s literally just cartel price fixing done through the medium of “a mysterious algorithm.”
We’ve known this for several years now. Do something about it.
I think you misunderstood the issue. House/apartment rental companies use software to price fix with each other.
We’re going to need a legion of Luigis at this point.
What would happen if a bunch of people put on Luigi masks, marched somewhere, with all their cellphones just looping this:
No /s
Nothing will meaningfully improve until the rich fear for their lives
Yeah, I don’t think that will work out the way you imagine. They got there by being control freak assholes, so if you threaten them they’ll more likely just become even more ruthlessly violent in return so they can keep control - and they’ve got the money to buy all the weaponry they need to do so.
Now ACT, ffs
In August, the Department of Justice filed an antitrust suit against the company, alleging its pricing algorithm allows landlords to collectively push rents higher.
I meant more about rents than the antitrust suit. It’s all well and good to hold the company accountable; meanwhile, rents have already been artificially inflated, and they don’t go down.
Unfortunately that pretty much depends on building more housing, which takes time and Congress.
Right right. They’re talking about it now, long after they should have taken serious action. Better late than never, but better early than late. And this problem goes back two decades FFS.
