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Michael Paulauski@mike10010100.bsky.social |
HAHAHAHAHHA HOLY SHIT THE FBI JUST RAIDED THE FUCKIN ALGORITHMIC PRICE FIXING LANDLORD COMPANY. Genuinely a huge deal, if they smash this scheme, housing costs are gonna drop significantly.
40 replies 689 reposts 1907 likes
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willie m
@trashmuppet.bsky.social
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i hope they get the chair
0 replies 0 reposts 1 likes
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Rhiethreal
@rhiethreal.bsky.social
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I could almost understand the program telling people what the average rent in an area should be, but I can't even imagine why it would suggest leaving apartments empty. Even if it lowered price by a bit, renting two for around 80% is still 160% versus one at 100%. You are still paying taxes too.
0 replies 0 reposts 0 likes
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Yes *that* Matt Trumpets
@mattpt55.bsky.social
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Love to see it
0 replies 0 reposts 1 likes
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J Frederick
@jfrederick.bsky.social
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Lived at a place that did this, absolutely inanity, hope they burn it all down
0 replies 1 reposts 31 likes
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kathotdog.bsky.social
@kathotdog.bsky.social
[ View ] |
my rent went up $270 one year. it is the same shitty apartment. may they rot. may my landlord rot.
2 replies 0 reposts 17 likes
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Omnikitsune
@omnikitsune.bsky.social
[ View ] |
Dang. If true, I’d love to see rentals drop across the board to be affordable again! 😸
0 replies 0 reposts 2 likes
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Jason Gilbert
@jrgilbert.bsky.social
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OPEN UP ITS THE POLICE! Are you engaged in price collusion? No, we’re using an app.
0 replies 0 reposts 3 likes
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No Display Name at this Time
@wrentcontrol.bsky.social
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Haven't they been using algorithms to fix the "market price" since the 90s?
0 replies 0 reposts 0 likes
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TommyBenBergman
@tbapple.bsky.social
[ View ] |
With all the breathless reporting on inflation and rising housing cost, I’m sure the media will be all over this story.
0 replies 0 reposts 8 likes
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TommyBenBergman
@tbapple.bsky.social
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With all the breathless reporting on inflation and rising housing cost, I’m sure the media will be all over this story.
0 replies 4 reposts 30 likes
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@jjrs.bsky.social
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Im really glad they’re cracking down on this, but it won’t lower prices significantly. The reason these schemes work in the first place is because the US has a bad housing shortage in key areas, making collusion possible at all. Only real solution is to allow a lot more building.
0 replies 0 reposts 0 likes
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Diogenes of Snarkadia
@diogeneslamp.bsky.social
[ View ] |
I know this is a cliche, but... Thanks Joe Biden
0 replies 0 reposts 3 likes
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Vidmaster
@vidmaster.net
[ View ] |
Remember, if the FBI can raid this algorithmic price fixing landlord company they can raid yours too!
0 replies 1 reposts 14 likes
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Cloud's Strife
@jmgreene28.bsky.social
[ View ] |
In Joe Biden’s America, it’s open season on white collar crime.
4 replies 6 reposts 43 likes
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lydy
@foo7.bsky.social
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Called it
1 replies 0 reposts 2 likes
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Carl Wilhoyte
@carlwilhoyte.bsky.social
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Fuck the police but fuck landlords too. I'm not exactly crying here.
0 replies 0 reposts 2 likes
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Ariellah | אריאלה
@sodone.bsky.social
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Class action lawsuit when?!
0 replies 0 reposts 6 likes
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Nathan
@revrend.bsky.social
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Do the one fixing health insurance payments next.
1 replies 2 reposts 36 likes
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Fern
@attackfern.bsky.social
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~A computer can’t make a management decision because a computer can’t be held responsible for a management decision~
0 replies 0 reposts 0 likes
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Verboten Anna
@sockeranna.bsky.social
[ View ] |
GOOD
0 replies 0 reposts 2 likes
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Greg Holkan
@inkbrush.bsky.social
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Like cool and all, but there are no mainstream outlets reporting this that I can find. It’s all small local websites or partisan news sites. Can you help with a link to something more mainline so I can verify?
1 replies 0 reposts 1 likes
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Chussy
@thechuss.bsky.social
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Oh wow lol.
0 replies 0 reposts 1 likes
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Cuchulu
@cuchulu.bsky.social
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Rental rates can change daily on a unit until rented based off vacancy rates. This would be fabulous if made illegal.
0 replies 2 reposts 40 likes
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Yellingtothevoid
@indigotechno.bsky.social
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The FBI is my favorite agency by far.
0 replies 0 reposts 1 likes
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✨ achilles | buy rigor mortis
@hellostarshine.bsky.social
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rent prices have doubled in my city in the last ten years. a shame im canadian and this wont affect me.
1 replies 0 reposts 5 likes
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Scally Cap
@scallycap.bsky.social
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The company I work for just dropped our rent maximizing software because they're scared of the lawsuits. Our property alone runs almost 1000 units. It's working.
0 replies 5 reposts 28 likes
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AkivaMCohen
@akivamcohen.bsky.social
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"Algorithmic price fixing"?
5 replies 0 reposts 51 likes
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Mrs Schwarzski
@mrsschwarzski.bsky.social
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Oooooooooooh! Rents here have always been stupidly high, but hearing about 2k/mo in middle America never made sense to me. This is why!
0 replies 1 reposts 18 likes
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The Kingfish
@hueythekingfish.bsky.social
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Maybe they'll drop a little. Maybe. But not a lot. The main reason for high rents, by far, is lack of supply, not evil mustache twisting landlords.
7 replies 0 reposts 5 likes
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Kimichi Tsuzuku
@kimichitsuzuku.bsky.social
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Good. We also need a national vacancy tax on habitable, but empty apartments. Even if it’s just closing loopholes so that you can’t write off ones that are empty for more than 60 days for tax purposes.
1 replies 3 reposts 23 likes
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Alice in Keynes
@aliceinkeynes.bsky.social
[ View ] |
0 replies 0 reposts 0 likes
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SHCDemolisher
@shcdemolisher.bsky.social
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Now do it to the rest of these company’s!!
0 replies 0 reposts 1 likes
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Erroneous Syntax
@erroneoussyntax.bsky.social
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Oooooooooooooo my current apartment deals with Realpage, it'll be interesting to see how this turns out.
0 replies 0 reposts 2 likes
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n highlands ♎ ☮ ☯️ 🐢 ♻️ 💚
@nancyhighlands.bsky.social
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Good !
0 replies 0 reposts 4 likes
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cats_hell_yeah
@sukatra.bsky.social
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Man I hope you're right
0 replies 0 reposts 1 likes
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Nails the Tabaxi 🍉
@nailsthetabaxi.bsky.social
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0 replies 0 reposts 3 likes
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Joel 🍦
@polyparadigm.bsky.social
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Biden campaign needs to say “we’re happy states like New York are tackling some of the smaller fry regarding real estate price fraud, but we’re going after bigger fish, and we hope you see more-affordable rent soon as prices are freed to respond to market forces.”
1 replies 0 reposts 3 likes
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Jen
@jenk3.bsky.social
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More info popular.info/p/feds-raid-...
0 replies 1 reposts 5 likes
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Mars Rover
@marsrover.bsky.social
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Did they politely knock on the door and serve the papers or did they get the full tactical breach "FBI- FREEZE!" flashbang-to-the-face treatment? Really hope it's the latter.
1 replies 0 reposts 4 likes
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Faxanadus
@faxanadus.com
[ View ] |
yesssssssssssssssssssssss
0 replies 0 reposts 1 likes