Why Is the Rent So High? The Real Reason Will Shock You

Landlords are being sued for using illegal price-fixing to drive up rents across the country. They allegedly conspired with RealPage, a tech company, to use non-public data to artificially inflate rents. Rents have spiked by 26% since the pandemic.

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deadgerbil · 26-30, M

Renting or owning property is crazy. There are new houses in my neighborhood built closer together than your outstretched arms and they are wicked expensive

SatanBurger · 36-40, F

@deadgerbil I've seen really small houses for 300,000 it's ridiculous, I just don't get how that's even legal. Right now I'm at the stage that I'm actually legit getting the term unchecked capitalism or whatever that term is, I'm pretty sure that's not the correct term I want to use but I've heard people say that and I'm finally just now getting it.

How can that even be legal? But the answer is, in capitalism it seems like you can literally do whatever you want.

ViciDraco · 41-45, M

@SatanBurger the term is Late Stage Capitalism.

I frequently compare capitalism to a tool. If you are trying to build something, you grab a tool and start using it. But eventually you reach the limit of that tool and need to reach for something else. You may really like that handsaw, but after a certain point you are only ruining your project by insisting on continuing to use that handsaw. It's time to put the handsaw down and pick up a new tool. (Honestly, I think that point was reached many decades ago)

SatanBurger · 36-40, F

@ViciDraco Thanks, I knew it was something for sure but couldn't quite put a finger on it.