DOJ Sues Six Large Landlords for Algorithmic Pricing Scheme That Harms Millions

All this is good. But honestly long term thinking needs some kind of decoupling of housing being an investment and bigger taxes on second, third or other houses without having loopholes via company structure etc.

The DoJ amended the complaint filed (against RealPage) last August, and added 6 landlords:

    Greystar Real Estate Partners
    Blackstone’s LivCor LLC
    Camden Property Trust 
    Cushman & Wakefield/Pinnacle Property Management
    Willow Bridge Property
    Cortland Management LLC

    Cortland Agrees to Cooperate with Justice Department and Enter into a Settlement to End the Use of Common Rental Pricing Algorithms and Competitively Sensitive Data to Set Rents

There are so many areas to invest and make money that really add to human good, progess and production.

Buying and renting houses and land so others can pay a 'baron' holds back artistic communities, slows legitimate growth and hampers small businesses. We are seeing the decay of innovation and quality of life in our communities for the financial enrichment of very few - who in real terms also suffer from the lack of diversity, choice and social climate that follows their investments.

Related from 5 months ago:

DOJ sues realpage for algorithmic pricing scheme that harms renters

https://news.ycombinator.com/item?id=41330007

Penalty is a cost of doing business.