A handful of big companies own most of the apartment complexes, and when they all raise rents at the same time, people are left with no real options. That \$100–\$200 jump after the pandemic wasn’t about better service or upgrades—it was about squeezing tenants in a tight market.
It happened here in Charlotte. After the pandemic rent went up on average $100-$200 a month across the city. I also noticed the same 3-4 names as the owners of the majority of the apartments
amazing
Not right
Really
Hurricane Erin is now a rare Category 5.
The storm is forecast to at least double or triple in size next week. cnn.it/4mGNDqd
Really
beautiful
Good Morning Everyone 😊☕🌤️ Enjoy Your Saturday 🫶
This is exactly the kind of thing that shows how dangerous unchecked algorithms can be.When competitors all use the same rent-setting software, it stops being about supply and demand and starts looking a lot like price-fixing.No wonder regulators are stepping in tenants are the ones paying the price
Greystar was using rent-setting algorithms from software company RealPage, the subject of a 2022 ProPublica investigation that showed the firm was helping landlords decide prices in a way that legal experts said could result in cartel-like behavior.
By @heathervogell.bsky.social
