this post was submitted on 13 Jul 2024
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I feel like I've seen this elsewhere. I checked a week back on this community and didn't see it, so hopefully it's not some repost my Swiss cheese brain just forgot about or missed.

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[–] Rookwood@lemmy.world 30 points 4 months ago (5 children)

And in America they are actively colluding together and NO ONE IS DOING ANYTHING ABOUT IT

[–] henfredemars@infosec.pub 14 points 4 months ago* (last edited 4 months ago) (1 children)

Landlords fund politicians. The opinion of a tenant? Not relevant.

You will pay infinite dollars to live.

[–] PugJesus@lemmy.world 10 points 4 months ago

Rentoids in tears! (it's me, I'm rentoid and in tears)

[–] Ranvier@sopuli.xyz 11 points 4 months ago

Not saying more shouldn't be done of course, but I just thought it'd be nice to highlight someone trying to do something for once about this at least.

https://www.ftc.gov/business-guidance/blog/2024/03/price-fixing-algorithm-still-price-fixing

https://www.politico.com/news/2024/07/12/justice-department-rental-market-collusion-lawsuit-00167838

[–] Peppycito@sh.itjust.works 4 points 4 months ago

Oh boy, try Canada! All the elected officials are landlords!

[–] explodicle@sh.itjust.works 3 points 4 months ago

If landlords and everybody selling things can collude to raise prices with no formal structure, then why can't workers do it too?

[–] BobGnarley@lemm.ee 1 points 4 months ago

Well sure they are! They're paying off the people who are supposed to stop things like that.

[–] PhlubbaDubba@lemm.ee 13 points 4 months ago

That market would look a lot different with negative incentives against owning so many properties that you yourself don't even live out of.

Their market is a product of an artificial scarcity which undermines the true supply that exists in most modern housing eco-systems.

[–] ByteOnBikes@slrpnk.net 7 points 4 months ago

Every conversation with a big company who says there's nothing they can do because of the systems in place.

[–] Jiggzy@reddthat.com 6 points 4 months ago (1 children)

This is the Prime Minister of New Zealand.

[–] Splenetic@lemm.ee 4 points 4 months ago

He's an embarrassment to our country.

[–] NeptuneOrbit@lemmy.world 5 points 4 months ago

Every show flake thinks it's not an avalanche

[–] Splenetic@lemm.ee 5 points 4 months ago

Oh wow! It's our chronic embarrassment of Prime Minister! Leader of the Landlords for Racism party

[–] hark@lemmy.world 3 points 4 months ago

Don't forget the software that let's them ~~collude~~ price according to "market" rates.