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GreatGazoo

(4,135 posts)
Thu Apr 24, 2025, 07:19 AM Yesterday

New Jersey Sues RealPage - the Landlord Collusion System Increasing Rents Nationwide

Finally!

New Jersey said the defendants also quietly exchanged non-public data such as lease prices, amenities, concessions offered, property values and housing inventory, in order to align pricing and avoid competition to lower rents.

The state said the collusion has inflated rents for hundreds of thousands of residents, with half of low-income renters paying more than 30% of their gross incomes toward rent. Many real estate and financial experts recommend a 30% limit.


https://www.reuters.com/legal/new-jersey-sues-realpage-says-collusion-with-landlords-drives-up-rents-2025-04-23/

Great explanation:

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New Jersey Sues RealPage - the Landlord Collusion System Increasing Rents Nationwide (Original Post) GreatGazoo Yesterday OP
push back Be Leave On Yesterday #1
It may also be something else lonely bird Yesterday #2

lonely bird

(2,266 posts)
2. It may also be something else
Thu Apr 24, 2025, 08:38 AM
Yesterday

That something else is one of the underpinnings of capitalism which is cruelty. Wealth does not care about the poor because the purpose of the poor and indeed everyone who is not wealth is to be resources for wealth to consume.

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