The Rent is Too Damned High! Topic Nomad is reader-supported.

JMMY McMILLAN SAID IT BEST…
America’s running on a rigged housing market that eats people alive.
Rent’s a racket. Mortgages are traps. Wall Street owns your neighborhood.

Read now → open.substack.com/pub/topicnom...

#TopicNomad #TheRentIsTooDamnedHigh #HousingCrisis

Justice Department Sues Six Large Landlords for Algorithmic Pricing Scheme that Harms Millions of American Renters The Justice Department, together with its state co-plaintiffs, filed an amended complaint today in its antitrust lawsuit against RealPage, to sue six of the nation’s largest landlords for participatin...

This was way past due but, better late than never. Now, #DOJ needs to look at Yardi (RentCafe) which seems to have quite a little monopoly going on.
#therentistoodamnedhigh
#housing #rent #greed #greedylandlords #slumlords #fraudulentlandlords #tenantrights #USAhousingcrisis

#therentistoodamnedhigh for the majority of Rochesterians. A typical two bedroom apartment eats up more than half of a person’s budget who makes the median income in #roc (if you’re paying more than a third, you’re already considered burdened!) but because City Council has not passed it since June-