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Metropolitan DC Local Politics
Reply to "D.C. Attorney General Sues 14 Of The City’s Biggest Landlords For Colluding To Inflate Rental Prices"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]These landlords don't seem like much of a "cartel" when they control less than 20 percent of rental units (and far less when you count rentals over the border in MD and VA). [/quote] 10 large DC landlords sending a company their rental prices and paying this company to use algorithms to set their sounds pretty damn anti-trust to me! I am extremely happy to have Brian Schwalb suing these shltbags and defending DC tenants. Better than all the DCUM harpies posting in this thread! And shut up and #BuildMoreHousing already.[/quote] The costs of rentals and building housing are affected by higher interest rates, the costs of construction and the higher taxes, labor rates and insurance it takes to run these buildings. There is no money in building lower cost housing and builders cannot finance those buildings because there would be a loss with the cash flow. https://www.npr.org/2024/01/25/1225957874/housing-unaffordable-for-record-half-all-u-s-renters-study-finds#:~:text=%22What%20we%20are%20building%20is,to%20the%20majority%20of%20renters.%22 [/quote]
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