- The Department of Justice accused software company RealPage of unlawfully scheming to undermine competition among landlords and create a monopoly that harms millions of renters.
- RealPage “allows landlords to manipulate, distort, and subvert market forces,” the Justice Department said in the federal civil antitrust lawsuit.
- Attorney General Merrick Garland said, “Everybody knows the rent is too damn high, and we allege this is one of the reasons why.”
AirBnB is a classic example of us Americans taking a great idea and running it in the ground for profit at the expense of society at large.
What if I have more house than I need and live in a nice area? Rent a room or two out to short-term visitors! I get a little folding money, they get a better and cheaper experience than a hotel.
Then these fuckers started buying homes strictly to make their little hotels. We have to dial this in, and while I’m often skeptical of solving issues with legislation vs. the free market, we seem to be too stupid to stop paying these parasites.
It if makes you feel any better, it looks like the bubble has burst on these damned houses, lots of people going to eat shit in the coming years. I hope.
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Airbnb was awesome when it was new. For half to a third the cost of a cheap motel, I stayed with several people in their homes and had great experiences each time that I still remember fondly, far better than I would have had alone in unfamiliar places and even better than most of my free Couchsurfing experiences. Both were great resources for a young traveler. Airbnb has steadily downgraded in quality stays while increasing in price but I still prefer an Airbnb to an equivalent cost hotel, it just feels closer to home.