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US Justice Department accuses six major landlords of scheming to keep rents high
The US Justice Department is suing several large landlords for allegedly coordinating to keep Americans’ rents high by using both an algorithm to help set rents and privately sharing sensitive information with their competitors to boost profits.
The lawsuit arrives as US renters continue to struggle under a merciless housing market, with incomes failing to keep up with rent increases.
The latest figures show that half of American renters spent more than 30% of their income on rent and...