Revolving Door Project Applauds The DOJ’s Lawsuit Cracking Down On Rent Gouger RealPage
Contact: Andrea Beaty, [email protected]
In response to the lawsuit filed today by the Department of Justice Antitrust Division and eight states, the Revolving Door Project issued the following statement:
Revolving Door Project Research Director Andrea Beaty said, “Today, federal enforcers took an enormous step toward bringing down the high rental prices that have plagued Americans for years. As the DOJ’s lawsuit argues, RealPage ‘replaced competition with coordination’ among its landlord clients and used that power to keep the price of rent artificially high for millions of Americans. The company’s allegedly illegal actions left tenants across the country paying the literal price of corporate greed, even in the midst of a global pandemic.”
“The DOJ and eight states appear to have listened to tenant organizers who long warned that the rent was too damn high. This lawsuit will hopefully usher forth renewed corporate accountability in the rental market beyond RealPage, which is far from the only corporation capitalizing on tenant’s struggles to live in safe and affordable homes. We hope that in addition to the bipartisan set of eight state Attorneys General suing RealPage, even more Attorneys General will sign on in response to RealPage’s actions to drive up rental costs in communities in their states.”
“As the cost of living dominates discussions of the presidential election, it becomes incumbent on the media to ask the candidates whether they would retain the political appointees who built the case against Realpage and other corporations that prey on everyday Americans.”
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