BOMBSHELL: Criminal Price-Fixing Rent Conspiracy EXPOSED | The Kyle Kulinski Show

[@saininj]

Despite all the gaslighting, we all knew this was happening.

[@hotsquirrel4277]

Yeah sad no one saying shit

[@Ellieempress]

Exactly ❤❤

[@JohnnyProctor9]

Or worse, they're just blaming Biden and "inflation"...

[@davidhunternyc1]

Of course we did. When landlords purposefully rent you an apartment for 2 years and then raise your rent by 30% it means they want you out! No long term tenants. Maximize profits with short term rentals.

[@josec1538]

My neighbor was curious about our rent and noticed rent went from $2800 a month to 2400 the next and kept fluctuating this past year.

[@tinasmith1391]

Rent up 76%. How much did your wages go up, like 5%? Yep, it's gouging.

[@bluehero-96]

The peasants can't have any power. That's unprofitable.

[@cwhit0110]

@@bluehero-96 the peasants never did have power. Maybe one day there will be a revolution but doubt we’ll be here to see it.

[@JOEDIRTERULEZ]

YOU TRY TO FIGHT BACK THEY CALL YOU SOCIALIST

[@christophercuston]

​@@JOEDIRTERULEZor call the police. Think, while it's still free.

[@akmal94ibrahim]

Maybe we need this algorithm, but for workers to set their wage demands.

[@tylerhackner9731]

Tbh the media not covering this says it all

[@SpeakerWiggin49]

They are 100% invested. If you're rich, you would be insane not to invest in the stocks of these various realty corporations.

[@cwhit0110]

If you’re rich you can’t help but invest in this. Think about all the PE and investment firms buying real estate. So even if you wanted to be a “moral investor” ultimately investing in this scheme would be unavoidable. But then again why would you be a moral investor? Especially when being rich is virtuous in our society.

[@amg863]

Oy. Stop noticing.

[@notanotherone5564]

There’s nothing to cover. Literally every facet of capitalism is price fixed. When a seller uses Zillow or Redfin to estimate the value of their home… price fixing. When grocery stores raise or lower grocery prices according to demand… price fixing. Price fixing is an INHERENT sort of capitalism.

[@khodiblunkit2723]

​@@cwhit0110to not be a pos

[@frostnova8300]

It’s literally impossible to live because of stuff like this and the MSM turning a blind eye to this is insane.

[@runrafarunthebestintheworld]

I don't think the media Is willfully turning a blind eye to this when they have been covering home prices for years but it's flying under the radar defienitly.

[@largeboinuggets]

six companies paid by these guys arent saying anything about this!

[@MeechMedia]

@GJT-bq3hrgood point. We are so fucked from all sides. It's gonna take a serious revolution or something for this to change at this point

[@bigdaddypapsmear]

Legacy media will always bow to their corporate overlords.

[@jjoohhhnn]

The people wealthy enough to vote on company boards also have vast tracts of land which they extract value from, usually without ever seeing the patch of dirt itself. The people who hire and fire at MSM companies are the same people jacking up rents.

[@spicymemes7458]

This is the kind of housing market we get when the same people who crashed it in 2008 are still in charge today.

[@dmike3507]

Exactly. Our whole economy is run by criminals who can't be jailed.

[@bluehero-96]

Instead of bent over in prison.

[@jjoohhhnn]

@@bluehero-96 They harm the nation, they create poverty which creates violence and weakens the nation in all ways. It hurts families, kids, the labor market, the consumer market, it stifles innovation, and most importantly it creates people so desperate they cause harm. And the people extorting us know this, and they don't care so long as the government allows it. They've got security, we're not rioting and making it their problem. We HAVE to do this through democratic means, whether we like it or not.

[@SixOneNiner23]

And they’re gonna impose a military police state for their next act 🤡

[@qaiyumchoudhury5008]

True !

[@ryans6191]

I live in Phoenix, and this absolutely makes perfect sense. I’ve lived in the same apartment Complex since 2018. Six years. When I moved in, I was paying $528 a month. I pay $1115. It has more than doubled for me. I was lucky because my income also went up in that time. But, so many people I know were not lucky. Lock these people up and throw away the fucking key. Corruption needs to be punished severely.

[@mtrich8113]

I live in Phoenix AZ too and even though I own my townhouse over by 48th Street and Broadway I see a vacant field that just became a tent city encampment. And something has to be done fast because today reached 100°.

[@lucythermopylae]

Florida, as well. Rents and single-family homes have become unaffordable in most cities.

[@AliothAncalagon]

The idea to have no housing regulation at all like this is totally wild to me as a European. If my landlord would try to double my rent over six years the only thing he would get is a lawsuit.

[@mE-zx7pt]

​@@AliothAncalagonToo many Americans worship the rich.

[@Macachee]

Bruh same. My rent started at $745 back in 2018 and now it’s $1250! I thought it was because new management took over our property but this puts an even bigger spin on things! I was lucky that my income went up too so I can get by, but yeah there are plenty of people whose income didn’t and that is devastating! Put these corrupt company owners under the prison!

[@p.s.5863]

If I'm on that jury: Real Page is out of business and every landlord that's a member loses their property.

[@watamatafoyu]

They'll end up finding better ways to obscure the scam, and probably use AI to do it.

[@RissOfRivia]

I just showed this to my boomer mom and dad. I’m 28 and just moved back in with my parents after building a life in a different state for 7 years. Worked 2 jobs and went to school, still in the end couldn’t afford to live after boyfriend left. Everyone was like “how can you not afford it?” Uhm because it’s one of the biggest Midwestern cities and apartment prices are grossly rigged. So I showed this to my parents today and before it even finished my mom was like “Why don’t we hear stuff like this on the news?” EXACTLY. This is why I tell them stop watch MSNBC, ABC, CNN. They never see the full picture.

[@jer1776]

Props to you for spreading the word, Im doing my part as well. Never seen an issue I want more people talking about than this.

[@lukepolka6733]

And yet some people still think capitalism is the solution

[@zguy2441]

It is if our regulators actually enforced steeper penalties for price gouging, monopolistic practices and other illegal activities rather than fines that are the price of business.

[@zguy2441]

Any economic structure fails if it isn’t held to standards.

[@katelady1370]

Can you explain how this is capitalism? Just seems like plain old corruption and illegal shit that can happen under any system.

[@kylereyes2337]

Socialism for the rich, capitalism for the poor. If we were ever remotely close to pure capitalism, none of the corporations and/or banks that shouldn’t exist wouldn’t exist today, but here we are

[@mookomar2652]

Hahaha some said pure capitalism hahaha

[@afterhourscinema782]

I can think of no "job" more useless or parasitic than "landlord"

[@tacofacefart]

Landlords are the moral and economic backbone of America, if not the world. They allow people to move anywhere in the country without having to go through the labor of investment or being on some slow government checklist. Despite providing housing, people hate them. They are perhaps more important than medical doctors. Yet they never get tips or appreciation from their customers.

[@michaeld4861]

Free-market economist 😅

[@fishbiter9409]

My job is to own things and collect money, my service to society is increasing homelessness, oh boy! 😃

[@Trunkalunx]

What about Telemarketer or Lobbyist?

[@BlanBonco]

I would be a fun landlord in my fantasy barbie beach houses.

[@4on4nam]

I was told by the front desk at my apartment when I signing a lease that the prices were set by an algorithm daily. This is in Portland, Oregon. How can we report these corporations?

[@Macachee]

Google it, and also find out if a class action lawsuit is underway in your area and jump aboard.

[@wolfcloud8735]

This is a Nation Wide Problem! We need this fixed immediately!

[@mikeace5831]

Starts with Biden he doesn't fix it He DONE Good bye

[@christophercuston]

None of the presidential candidates are doing anything. Trump would have used this.

[@deez3913]

I'm sure Biden, trump, or rfk will get right on that let alone the avg governor because voters electing corrupt corporate goons.

[@deez3913]

​@@christophercustonJill Stein is the only one who would possibly do something if elected

[@SparklyCoconut-le3fu]

@@deez3913y’all need to stop associating with the Green Party period. Jill stein and the American Green Party are beholden to Putin. The Green Party is full of anti semitic and anti vac nutjobs. Seriously don’t waste your vote on stein. I made that mistake in 2016 and I completely regret it

[@kinglear2832]

I rented from a compnany controlled by RealPage. Rent went from 1500 to 1800 to 2500. This was year to year.

[@bluemcneil5883]

You may be entitled to massive payout same one in the story

[@taylorw3019]

My rent was 700 dollars 10 years ago now it's 1500

[@annmarieknapp]

That's sickening.

[@KyLeon0130]

Being homeless makes you consider some dark stuff to survive and destroy the ability to feel huamn. I know from experience. The monsters that cause homelessness are more to blame than the homeless people committing crimes.

[@jjoohhhnn]

fax, evil isn't desperate. Evil makes you sign contracts and commit the acts of violence for them.

[@margaretjohnson6259]

truth. thank you.

[@onceuponanexploration6048]

Big time.

[@Abe-h4p]

Yep. I was explaining this to my wife yesterday

[@NobodyDoesItLikeMoltenBoron]

These guys are worse than Peter Parker's Russian landlord.

[@zellcrs]

Russian landlord at least tried to get the poor boy laid.

[@TheMcstevester]

I mean he had a hot daughter though. Hell she even makes cookies

[@mystbunnygaming1449]

It's not even close. Russian Landlord harassed one person about the rent, not conspired to price millions of people out of homes.

[@c.j.giordano2129]

“If promises were crackers my daughter would be fat.” “And dont try to sneak past me, I have ears like a rodent and eyes like a rat.” Lol he was a menace. 😂😂

[@chutindrachodi4764]

Mr Ditkovich just took 1 rent. Unlike these guys who are scamming millions.

[@Mavi-de2mv]

It’s happening all over North America

[@johnnygannon490]

Evil hardly describes this reprehensible behavior

[@jjoohhhnn]

It is one of the few things I call evil, evil isn't desperate.

[@Heirpusher]

Amazing how their insatiable greed gives them away. If they didn’t aim for freaking 76% increase in less than a decade it might have flown under the radar. This is a prime example of why we need govt. regulation.

[@sinistercinemareviews5420]

I live in one of the phoenix Arizona cortland properties and so many of our residents have been kicked out for not being able to pay their rent! Holy shit!

[@BanditTools]

But I was told the price hikes were due to inflation….

[@IgnosticZ]

Thank you. *insert current president*.

[@stuffnuns]

@@IgnosticZ It has been going on for a couple of decades now, no matter who the “current President” is. This greed factory RealPage, was able to fly under the radar. But, now, it has become so widespread, that government action is the only thing that can stop this THEFT from the people. A little over a decade ago, I came close to sleeping in a cardboard box on the street, and I’ve experience how expensive it is to be poor in the US. This corruption in housing will Destroy the US if it isn’t stopped asap.

[@Thatguyjack758]

Or they’ll say because it’s more expensive to build more.

[@mtrich8113]

I think it's due to the economy being good for rich people. If they think everything is fine and people have jobs even though most of those jobs have stagnant wages they can just hike up the prices.

[@bluehero-96]

​@@mtrich8113 It's because they can. They think they are above consequences.

[@mtrich8113]

Phoenix AZ resident here and let me say Great segment Kyle! 4 years ago when the housing market was down I was lucky enough to sell my old house and buy myself a small townhouse but in a low rent area. Their are others that live here but they are renting, about few months ago I noticed a in a vacant field next to the townhouses a Tent City encampment starting to form, but what I found out was that most of those people were renting out some of those townhouses now they're homeless and some of them have jobs also something has to be done quick because it's was 110°. And this is definitely going on all over the country and not just blue States like California like the conservatives are always railing about.

[@addamaniac]

this has a ripple impact throughout the entire real-estate market. The cost to buy a home is impacted by the price of rent and vise versa.

[@jer1776]

Even stuff like taxes and insurance are increasing rapidly because of this.. Its a scandal of all scandals.

[@McLeanDrawingBFA]

We need national rent control. I am reminded of the immortal words of the Rent is too damn high party: the rent is too damn high

[@vincesmith2499]

Nope. Economists agree rent control is garbage. Gi to school. America is tired of your ignorance.

[@raa14211]

@@vincesmith2499 no-one cares on what your so called "economists" agree on. Most economists probably chose to be an economist because they are only interested in self enrichment. They can't be trusted.

[@patchwurk6652]

@@vincesmith2499 Translation: I DUN WANNA AND YOU CAN'T MAKE ME!

[@arga400]

@@patchwurk6652 Rent control legitimately does not work; we need more regulations tho to prevent price fixing like this. As in legislation that clearly and explicitly makes it criminally illegal to set rent prices using any kind of algorithm.

[@patchwurk6652]

@@arga400 "As in legislation that clearly and explicitly makes it criminally illegal to set rent prices using any kind of algorithm." So.... Controlling the rent.

[@platoniczombie]

Every large apartment complex I pass in southern California, I yell out , "what do you do to afford these places!?" LOL I work full time make around 40k and can't afford a one bedroom apartment. Not if I actually want to try to save money while paying my student loans...

[@Raydensheraj]

THIS has to become ONE of the main issues. This mafia style fraud and this corruption concerning Rent needs

[@ChildofGod98765]

My rent went up 400 dollars. They said it’s computer based.

[@husbandofsamus]

Everyone who rents is owed a large chunk of money. Everyone.

[@carycunningham9510]

This is what class warfare looks like. We live in a corrupt oligarchy. We need ranked-choice voting, ballot access, and more parties.

[@margaretjohnson6259]

the landlord who rents out a neighborhood house raised it from $1600 before the pandemic to $2400 now. price gouging.

[@jnottoday9866]

If you think this is bad, you should take a look at our Healthcare and insurance systems in this country.

[@seand.g423]

So... are you just covering your ass, or are you unironically still calling it a "health-" _anything?_

[@toronaldaris]

2010 Rent: $550mo 2024 Rent: $1017mo and is likely to go up again at next lease. Houses are not an option in my area. $2,500-$3,000 for 2BR Houses to rent. Houses to purchase that used to be around $80K have jumped to $220K, houses that are 100% not worth it at that price and they are not always in decent condition.

[@sandief3671]

This is absolutely true and it's happening all over the country. I've worked for two property management companies that use them. Residents were so irate over their rents going up $200-$400 per month that I had to get out of the industry.

[@TheMLGSnubs]

So if I owned a bunch of rental units, and I didn't want to use this company I could just relatively copy other landlords who are using these services and have the same effect. So it doesn't just affect 70% of the market in one area, it affects 99% of that market.

[@Cancellator5000]

Yeah, it was scary looking around right now because I need to move. Prices changing so fast it's obviously automated in a lot of cases. Luckily the place I got locked in the price when they quoted it to me in person otherwise I'd be paying another $50 a month at least because that is how it changed just hours after a tour. I can afford it so I wasn't too worried, but I don't get how many can afford to keep living here if this continues.

[@B0ss115]

I work for a property management company and can confirm this is happening EVERYWHERE.

[@karlad4082]

The country is turning into a bunch of empty homes and every person living on the streets 😢

[@JemLeavitt]

This is crucially important. So many working people are being made homeless.

[@cesarsanchez9697]

It’s not a coincidence that the homeless populations have exploded in every city. They need to make this illegal. It’s crazy regular people with full time jobs can’t afford a place to live

[@theoriginalskinsey]

I was evicted because landlord said he wanted to move in, the law allows it. Three months later it was listed for $3,000/m. I wa spaying $1200.

[@Dave-rh1ry]

Probably because the going rate was $3k and you were way way way below the market rent, and the govt makes unconstitutional regulationd that mske landlords have to move themselves in or a relative in to terminate a tenancy. You do know that property taxes, insurance, labor costs for maintenance, material costs etc are all way up as well right?

[@jer1776]

@Dave-rh1ry 👢👅

[@theoriginalskinsey]

@@Dave-rh1ry no, but you've outed yourself as a landlord. It was a cockroach infested dump with tons of repairs needed but neglected by the landlord.

[@Dave-rh1ry]

​@theoriginalskinsey landlord isn't doing their job if you lived in an infested place, unless you were one of those maggot tenants that ran it into the ground and you were the reason it become infested. To be evicted takes a lot especially in those woke areas of the country where the court is heavily on your side as a tenant. Yea I wasn't trying to hide from being a landlord. Should I have? If nobody provided your housing you wouldn't have any. You guys think prices would drop if no landlords? Ya right. Not how it works. And today is cheaper to rent now than buying. Rates murdered home purchasing.

[@raeorion]

Anyone hoarding empty properties should have a huge fine or tax burden on their hand. I can't even express how angry I am over this bullshit.

[@taylorw3019]

I think we need property ownership restrictions.

[@danieliusblackius1130]

@@taylorw3019 Absolutely agreed. Part of the housing crisis problem we have is that there are plenty of people who own multiple properties. If all of those extra homes were suddenly up on the market, supply would absolutely boom, and prices would sink. And then you have multi-unit ownership schemes like this causing even what is supposed to be "low cost housing" to be unaffordable. It's ridiculous.

[@jamesmillar5951]

Their properties should straight up be seized and put to productive use by the state. They abused their property rights and those rights should be revoked. Especially so in a housing crisis

[@taylorw3019]

@@jamesmillar5951 💯

[@verni444]

AZ RENT VICTIM HERE...I'm now homeless after my landlord raised my rent 1,000 and was told he was "advised" now was the time...#veteranofcourseiam

[@dntthe88]

I live in Tucson. 10 years ago my rent was 450 for a 300 sqft studio. It is now about 800-900 for the same units

[@johndefalque5061]

Two yrs ago in New Brunswick, the rent increased by 65% for everyone, glad I turned down my counsellor's advice to move there! Vancouver's rent has been coing up 36% per year since 2013. Landlord's websites offer tenant loans, tell you how to run AB&B, tips on how to make extra money and how to cut expenses. Give the invibly disabled MAID, quick, easy-I'm autistic and just sick of barely making it!

[@carolynslist6118]

I lived in Tempe, AZ for 7 years. My rent was $1375/mo and my landlord only raised the rent $50 one time. It was a 3 bdr house with a large yard in a cul-de-sac. The owner was a kind elderly woman. Something happened in 2020 that caused rents in the area to skyrocket. My landlord saw this and began raising my rent a little every month. I couldn’t afford it, so I had to move. I put everything in storage and couch-surfed for 2 years until finally moving back to my hometown in Ohio 3 days ago. She rents the house for $3600 now. Everyone takes advantage of an opportunity. Everyone! The 2008 crash destroyed me financially and then I basically found myself homeless beginning in 2020. I despise people who view homeless (not houseless🙄🙄🙄) people as some kind of scum. I’m a 59-year-old woman who worked hard my entire life.

[@vivalaleta]

Why the HELL would they want to keep apartments empty? Where's the money in that?

[@windatar6351]

If you have 15 units, you would rather have 10 units charged at 2500 per month then 15 units filled with 1500. It would leave 5 units empty because if they lowered the price for those then those that live in the other 10 would move to the lower rent ones. So it becomes financially better to keep empty units. Now have this at a macro level, instead of 15 unites its 1.5 million, we could have 500,000 empty units that are empty because lowering it would hurt revenue. And it's all controlled by a single company that every landlord buys into spends money to be part of and it automates the rates so landlords no longer need to interact with their tenants to control rents.

[@Airith4]

They got bailed out in 2008 and will again. There is no risk in this market for the big fish, or cartels in this case.

[@LilChuunosuke]

The increase in rent prices not only allows their profit margins to stay the same or even increase, but they can open them up for availability when they want to cash in. Short term it's not profitable, long term it is.

[@jer1776]

Apparently its most profitable to price gouge tenants even if 20% of your properties are empty then to not do so and have 100% occupancy. Its sick but its reality.

[@colehowe]

@@windatar6351 that’s a great breakdown of this by you btw

[@CloudSephiroth]

Can we just have a 21st century FDR please!?!? 🙏🏾

[@ajkulac9895]

No

[@RealJohnnyGuillotine]

You won't get that by voting, you won't get it by being nice... The only reason we got FDR was fear of revolt.

[@TheMcstevester]

Mom: we have 21st century FDR at home 21st century FDR at home: is Biden

[@RealJohnnyGuillotine]

@@TheMcstevester That's what Nancy would say... But substance reveals... That was a lie.

[@CloudSephiroth]

@@TheMcstevester nooooooooooo! Biden is like James Buchanan

[@claudinem6207]

I lost my home a year ago in Arizona. My rent doubled

[@chriskoschik391]

I hear you. My wife and I work. Over the past 4 years, our rent has gone from 60% of my income to 110% of my income. That’s right! I literally work 45 hours a week just to almost keep a fucking roof over my head. And they’ve made it too expensive to move. We’ve calculated it would cost nearly 8k. How can I save that? Hell is too good for these parasites.

[@---Tre---]

Even if your apartment's rent isn't being directly controlled by RealPage they are inflating the entire market.

[@jenniferwilliams9612]

This might be one of the most evil crimes I have heard of in many years!

[@MrWphilips]

Thank you for bringing this to light! The mafia was easier to do business with than these criminals!

[@Mr.Joshuwa]

The government is going to owe these people a giant check for letting this s*** happen

[@MrBibi86]

*We are also having a housing crisis here in Australia also. families with fulltime jobs living in tents. Our rental vacancy rate is sitting at 1.1% at the moment and rents are sky high*

[@---Tre---]

My rent has gone up $100 every year. While the quality of the property has degraded every year.

[@GoWokeGoBrokeTrump47]

100. Youre lucky

[@---Tre---]

@@GoWokeGoBrokeTrump47 I live in a studio that is less than 500 sq ft. In Kentucky!

[@useyourheadpliz]

I hate so much that every detail of Trump's farts or snort in court will constantly be talked about in the Media, but this will be ignored !!

[@MadTracker]

The natural and horrible conclusion of capitalism amuck

[@katelady1370]

How so? Can you please explain to me how this is due to capitalism and not just corruption and illegal shit happening that can happen under socialism just as easily?

[@bluehero-96]

​@katelady1370 You would cry socialism if any regulations were implemented and enforced to protect society from capitalist exploitation.

[@jjoohhhnn]

@@katelady1370 Capitalism necessarily causes these issues, socialism can have these issues, but it isn't necessary. Governance is complex, there isn't 1 type of socialism. The more democracy involved in socialism the better it is for the people, generally, and the more libertarian they are on social issues the better, generally also. A democratic, socialist, socially libertarian government would be ideal. Democratic so the people make the decisions by compromise, socialist to ensure no monopolies form and pricing on essential things in their basic form is cheap or free, and libertarian socially so they're not policing family structure, or thought, or what you can buy (once you're of legal age) only outcomes and in many cases also intent.

[@JohnnyBGoode-xn9mo]

@@katelady1370The landlords are acting in their financial and class interest by doing this. There would not be an incentive to do this if housing were decommodified and divorced from the profit motive.

[@gordoncamacho8649]

When the government favors the interest of global corporations over its own citizens

[@AlexanderofRedwood]

A studio in Phoenix was $2100 a month. And yes there were roaches.

[@flower_36580]

My God, we literally live in a mafia run world

[@prazcuray1388]

Renters should be given compensation for this crime, my family has been overcharged for a decade. We are being robbed at every turn.

[@Thulgore]

I live in some of the cheapest apartments in my tiny town of 6k people. They are small, old and not nice at all. (I like mine) Rent has gone up 105% over the last decade. Most of that happened over the last 3 years.

[@claytonshake7594]

There are thousands of homes locked in gated communities, all empty, in Florence, Oregon. Thousands.

[@RudeGoat]

Exactly Kyle, it is robber baron age all over!

[@saad4447]

We are lucky to have Journalist like Kyle and his wife

[@noahd213]

More Perfect Union is the journalist. Kyle is just sharing things with a wider audience.

[@lapinchechismosa]

He’s not a journalist, he just presents the news

[@GlutenEruption]

@@noahd213 true. I've been watching Kyle since the early 2010's and daily since 2015. I think Krystal and Kyle are two of the best news people anywhere, but they definitely aren't journalists. They don't investigate or write the news stories, they just report and offer their take on them. They're progressive commentators and news reporters. That doesn't detract from what they do but it's an important distinction

[@pogolaugh]

Neither of them are journalists, they are reporters/commentators.

[@poobs2361]

Housing market needs to be heavily regulated because of shit like this. People NEED housing. Trusting the goodwill of corporations, who are only interested in raising their own profits, when it comes to something that people NEED and CANNOT LIVE WITHOUT is a fucking major oversight. The food industry is already heavily regulated for this same reason, its literally no different.

[@mitochondriac5946]

It’s happened in Australia too. We’re all fkd.

[@Spraybottle521]

Raise your hand if you’re sick & tired of tech companies and algorithms

[@nuclearsimian3281]

Sounds like these landlord businesses need to be nationalized.

[@jamesreifert1422]

capitalism breeds innovation or whatever

[@bluehero-96]

Only innovative ways to nickel and dime people.

[@jjoohhhnn]

lmao, this does not have enough upvotes.

[@JOEDIRTERULEZ]

UNTILL 1 PERSON OWNS EVERYBODY

[@taylorw3019]

Always finding new ways to ruin everything

[@Teddy3230-u4d]

That’s only true when there are competitors in the same market…without those it’s basically modern day feudalism. A little hyperbolic but when you’re struggling that’s what that shit feels like😒.

[@corey8924]

Telling us to pull ourselves up by our bootstraps.

[@billybarnett2846]

If you've been paying attention to rent and home prices for 30 years, you would know something was up. The problem is corporations have gotten into the real estate market and they want to make big money.

[@afterhourscinema782]

Mao was onto something with landlords

[@JustAnotherNamelessGuy]

Homie was cooking something

[@jjoohhhnn]

@@JustAnotherNamelessGuy and then all of china abruptly stopped cooking XD sorry i had to. Socialism is great, Maoism is not.

[@thesuperostrich]

@@jjoohhhnn Maoism is great

[@Nun195]

@@jjoohhhnnwhat?

[@jjoohhhnn]

@@Nun195 i was joking about the famine.

[@agent807]

When I moved into my apartment in 2019, I was paying roughly $750 per month. In 2021, the ownership of the complex changed hands and by the time I moved 2023, I was paying $1300 per month. I was the only tenant on my floor because everyone moved and the units were never filled. I had watched more people move out than in which left the complex half empty, which I presume was because they were milking the remaining tenants dry.

[@nikm5628]

This is happening in Canada too... Landlords better shape up before houses start vanishing in a puff of smoke.

[@Helios--]

Aside from the class action lawsuits people need to just move in and refuse to leave. _Housing, food and medical care are human rights._

[@Thattunasmell]

You combine this with major corporations buying up all the private property and out competing private buyers and the average person can’t afford to live in this country.

[@deez3913]

I'm glad Kyle admitted he was wrong on what's going on but this has been being discussed for years

[@bubbajay1934]

A person steals a TV (actual cost to produce = a few hundred $), goes to jail, life in ruins. A person in a suit steals millions, nothing ever happens, or at most a negligible fine far less than what they stole, come out ahead. Justice served?

[@bluemcneil5883]

Florida Miami rents have gone up another 500$ in the last two years alone

[@wolveraza9896]

Me and my family lost housing TWICE in about a year. In new place now , but this is most definitely a big reason why. Trust me that getting back into housing after losing it is NOT easy , for some almost impossible. The only reason I pulled it off is I got lucky ... TWICE. I likened it to how gas prices are fixed where the big oil companies merely decide what they are going to charge and every other company merely follows suit and then give the illusion of competition by fluxing the price within a 15 cent margin. This even effected subsidized housing ...( no shit) , where your rent is based on income. The big kicker is that at no point was anything done to any of the apartments to justify the rent increase .. they just sent a letter one day saying you will owe more. The more that they price gouge on necessities like gas, housing , food, etc.. the LESS people will be able to buy outside of that. We have had to significantly change all spending habits and if there is anything we want outside of necessities it takes 10 times as long to save for it. You take this issue combined with just a few others that are drastically bad and the inevitable conclusion is cataclysmic on a nationwide scale. My biggest fear is that these things are not just because they don't care and are greedy... but methodically intentional with a goal. What that goal is ... ehh hell if I know (of want to try and guess), but a lot of these things are directly and blatantly causing the death of a lot of people .. like a lot. Almost killed my family twice so I guess I'm bias, but I don't see much actively trying to stop these things either. Sorry for the info dump, but this is the perspective of someone directly effected and watched it happen in real time . Great show , thanks for all you do.

[@TrairFrair]

That's one really informative "info dump." Great breakdown on this domino effect, rooted in what you actually went through. Thank you for this.

[@wolveraza9896]

@@TrairFrair best I can figure it was the minimum wage increase. A LOT of things raised in price from that time.... would NOT be surprised if there are multitudes of these in order to raise prices in unison. Just a guess lol

[@00ghostcobra]

This is exactly why you need government regulation.. Without it the sharks will simply go crazy..

[@TheLastAngryMan01]

Indeed. The idea that any sector can ethically run itself is simply a fantasy; the greed in human beings is just too ingrained.

[@escabasket153]

Please keep following this story. This sort of corruption needs to end.

[@hanzo7616]

Do a story about Blackrock making a new stock exchange in Texas

[@RealJohnnyGuillotine]

So Larry is doing that in lemme guess Austin Texas.

[@GodisGod777]

So my fellow Americans, here's what we do to address this crisis... STOP PAYING RENT! If neighborhoods across counties in every state this is taking place in did that. Basically, choke the life out of the bottom line of these companies, what are they going to do? There are not enough cops in this country to stand against that, and law enforcement may even be sympathetic to the cause, at least in some areas. Companies and their algorithms can never and will never outmatch the might of we the people.

[@charleswomack2166]

This is not capitalism. This is kleptocracy.

[@JemLeavitt]

Thanks for reporting on this.

[@elizabethbrauer1118]

The Palladium in Phoenix = Owned by GREYSTAR, THE LARGEST APARTMENT CO IN THE USA. Greystar owns over 108,000 units in the USA. They are amongst the worst co to deal with.

[@SparklyCoconut-le3fu]

This is insane. This country is so corrupt

[@christopherconkright1317]

I saw companies using software to fix prices 3 years ago I commented on videos about it. The same company that got busted did price fixing in another sector made the program

[@mclbcw]

This story should be blasting across the entirety of the US

[@rldubya82]

They are hoovering billions of dollars out of the economy and they'll get a 10 million dollar fine.

[@ABC_Guest]

This explains a lot. This report came out over two weeks ago & I didn't hear a word about it until now. Where is the media?

[@trappedinamerica7740]

I'm surprised Kyle didn't know that according to the last census over 16 million homes are empty. These could be empty for a variety of reasons (Airbnb, vacation homes, etc.) but that's a lot of empty places considering how many people are on the street. It's obvious the market isn't correcting this and I believe it's because turning a requirement for human survival into a ever increasing commodity is a terrible idea.

[@TheJadeJester]

And as usual, Australia is following America on this.

[@JamesDavy2009]

Except as far as I know, there was no idiotic algorithm setting these rent prices like in the Robodebt debacle. Correct me if I'm wrong.

[@beardedswordsman2901]

Imagine if the consumer protection bureau was still around, they might have caught wind at this long before the FBI did

[@mountainlion1989]

ikr. a government department with law enforcement powers that polices the corporations? i thought the ftc was supposed to be responsible for that, but i guess the fbi is better than nothing.

[@Tygrus758]

I was employed by a company that used this pricing algorithm, and it felt criminal to use. These investors that dictate the ever increasing prices for people's homes are THE problem with this country. They don't listen to anything that the people on the ground working for them say because their business is increasing their profits year in and year out, not provide homes to people who genuinely want to live in that market area. Of course, my income didn't reflectively increase despite collecting massive amounts of rent for them using this algorithm. What's worse is that my job was regularly threatened when performance dipped in the market they shredded. Justice will hopefully prevail soon 🤞🏽

[@spacecowboy8532]

Stores are doing the same shit.

[@bjwnashe5589]

Great reporting on this, Kyle. Not getting any attention in corporate media.

[@codbdup88]

2016 my rent was 840 now it’s 1300

[@andrewcoyle2459]

This has been happening in north Idaho for years

[@TheLastInferno]

Thank you, Kyle, for doing what the MSM won't: prioritize issues!!

[@Vromiaris778]

Another big contributor is that profit margins are higher on luxury housing, so developers keep building them, so the supply of those is much higher than starter homes that have poor margins. It’s the comodification of housing is criminal!

[@rachelsmak3612]

I live in phoenix and it’s nuts here. I’ve had to move every year because they jack up the prices once your lease is up. The landlords here are also notorious for withholding your security deposits. I have an impeccable rent history with spotless move out cleans and I’ve had to hire lawyers to draft demand letters so my deposits get returned. I pray there is some justice in this world.

[@josephvansickle1194]

Look at any horrible situation and it comes down to $$$$