Sounds like nothing of value was lost. One more slumlord down. Bet the other slumlords were like sharks to chum over her ill-gotten/ill-owned properties.
Last week, the Department of Justice announced it had filed an amended complaint to its antitrust lawsuit against RealPage in order to sue six of the largest U.S. landlords for their alleged participation in a nationwide rental price-fixing scheme. According to the complaint, the six landlords allegedly coordinated their rents with each other through use of RealPage’s pricing algorithms and direct communication with competitors about rents and occupancy, among other tactics. Of those six landlords, three are owned by private equity firms: Blackstone, Greystar Real Estate Partners, and Cortland Management.
Blackstone, the nation’s largest landlord, with around 350,000 rental units, has faced years of scrutiny from advocates for its poor treatment of tenants. In August, the Private Equity Stakeholder Project (PESP) and the Alliance of Californians for Community Empowerment (ACCE) published a report examining how Blackstone has profited from rent hikes and ramped up evictions in California. In 2021, Blackstone acquired 5,800 rental units in the San Diego area. Since then, the report showed, Blackstone has increased the rent at these properties 38% — almost double the 20% average rent increase for all apartments in the San Diego market during this period. The rent increase at some Blackstone-owned buildings was especially high – up to 79%. The report also noted how Blackstone touted to investors multiple times how the firm’s real estate investments benefit from declining new supply of housing, a key driver of the affordable housing crisis.
“As more and more Americans struggle with the cost of putting a roof over their heads, corporate landlords were allegedly colluding to raise rents ever higher,” said Jordan Ash, Director of Housing at PESP. “Everyday Americans can’t keep up with the cost of rent. Homelessness is skyrocketing. Folks are choosing between medicine and a place to live. We applaud the Department of Justice for taking decisive action to hold profiteers like Blackstone accountable.”
Mentor to women? In what? How to ruin an entire generations ability to by a house?
I’m reminded of a joke. What is the difference between a conservative and a liberal? A conservative wants a small group of people to own and control everything. A liberal wants some of those people to be women
Capitalism. Tada!
I got a good chuckle out of that, thank you. 🤣
I’m having stuffed peppers for dinner tonight!
Edit: I should specify that my partner is cooking them, not me.
Like bell peppers, or something a bit more spicy?
Yeah bell peppers, current events are spicy enough!
Do you stuff them with like mushrooms and cheese?
Ground beef, tomato sauce/paste, rice, seasoning (Herbes de Provence), cheese (gruyère).
Do you grill them after stuffing?
Yes you can broil them in the oven for a few minutes to get the cheese nice and crisp!
Now this is a perfect example of the big brain thoughts I come to Lemmy for - I’ve never tried that before but instantly know it’s going to be awesome.
I’m sipping on 15yo whiskey.
My coffee tastes better today. I wonder what the secret ingredient is?
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Hey guys so ozzy Osborne died, that kinda sucks 😕
Oh no, anyway.
Did the shooter do an accidental Luigi and then killed himself?
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And now us plebs will pay an even higher price. The execs that run this country need more yachts and luxury high rises surrounded by private security forces and navy that will put the IDF to shame.
global head of Core+ real estate
Do they actually name their business divisions like they’re streaming subscriptions?
Something Something conspiracy
And people said there could be only one.
Tuigi?
2-igi?
The sound of the world stuttering at the news that Luigi has a twin. 🌊
Mario Mario and Luigi Mario.
Gooigi, actually.
Thoughts and prayers
Thoughts and prayers this happens more
Be the change you want to see in the world.
