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Racket to Renters: US Government Takes Down Price-Gouging Giant RealPage



<_WARN: The following content contains allegations of anti-competitive business practices and is intended to be inflammatory, please proceed with caution_>

Exclusive: Justice Department Bails Out Renters From Exploitative Landlord Regime

The Justice Department, tired of seeing renters crapped on by greedy landlords, has finally taken action against software mogul RealPage, which manipulates rent prices to squeeze cash from tenants. This sleazy algorithmic pricing scheme benefits neither the landlords nor the people being charged exorbitant amounts. Instead, it’s a deliberate scheme to stifle competition, restrict choice, and keep wages pitifully low. Say hello to RealPage’s rent-couture cartel!

According to whistleblower statements, RealPage has exploited vulnerable renters by secretly swapping “nonpublic rental price information” between landlords, effectively crowbaring its way into the dark markets of rent gouging. Using its monopolistic grip on 80% of the market, it hijacks rent-setting negotiations to benefit the few at the expense of the many. Landlords then play along, blindly succumbing to RealPage’s “black magic” algorithm, which conjures ungodly rent figures into existence.

This is corporate blackmail on a grand scale – blackmail so insidious, it’s being condoned by our so-called democratic system. The DOJ charges (pun intended) that these ruthless practices “deprive renters of the benefits of competition.” Are they kidding? The “competitive market” has been hijacked by greed-ridden corporate interests intent on enslaving the working poor, middle class, and impoverished students forced to rent sub-standard flats at extortionate prices!

Why the Justice Department just suddenly “discovered” the injustices? Did corporate giants, once too big for lawsuits, suddenly shrink? Can this be a wake-up call or more evidence of a corruptly-cozy relationship between regulators, cronies, and corporate titans, designed to crush the competition and corner markets?



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Kayitsi.com
Author: Kayitsi.com

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