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It's fine. Scotus will just say that the DOJ doesn't have authority to file lawsuits without express congressional legislation on each individual matter.
this post was submitted on 23 Aug 2024
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The Founders didn't say anything in 1789 about algorithmic price fixing, therefore we can't restrict it now.
That’s stupid. There was no software at the time of founding and no precedence in England at the time. Therefore price fixing was never intended to be regulated.
So naturally they're going to collect a shitload of money from them and the landlords using this scheme and use it to reimburse all of the people who were negatively affected by this illegal practice, right?
...right?
And force lowering rent.
It is literally fucking price fixing software. That's what it does.
The purpose of a system is what it does, after all.
I have zero faith this will result in more affordable housing.
Yeah it probably won't, but I'm all for inflicting any kind of pain possible upon the people responsible for this.
It is one of a dozen factors, so it will have an effect, but not a huge one
You got to say the odds are low, but not zero.
They best not let Yardi off the hook. Those pukes are doing the exact same thing. Get the big property owners who were in on it too.
Even if they don’t force a huge fine (arguably they should literally dissolve the company, sell any assets, equally distributing the proceeds to all employees), at least we can have a tiny step forward. Progress can come in fits and starts, and it can also come one tiny little slice at a time.
Their fine? About... three fiddy.
USJD getting its slice of the grift.
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