North Carolina joins federal lawsuit against major landlords over alleged rent collusion
January 09, 2025 | Charleston City, Charleston County, South Carolina
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The City of Charleston Human Affairs and Racial Conciliation Commission meeting on January 9, 2025, highlighted pressing concerns regarding housing issues in the area. Council members discussed the severity of the local housing crisis, emphasizing the need for immediate attention and action.
One significant point raised was the recent involvement of North Carolina in a federal lawsuit against major property owners, including a prominent commercial landlord. This lawsuit suggests potential collusion among large apartment owners to manipulate rental prices, ensuring that rents only increase. The discussion referenced the use of technology, such as RealPage, which may facilitate this coordinated effort among landlords.
The meeting underscored the urgency of addressing these housing challenges, as they impact the community's well-being. Council members acknowledged that similar practices are occurring across various industries, indicating a broader concern about market manipulation.
As the City of Charleston continues to grapple with these housing issues, the commission's discussions signal a commitment to exploring solutions and holding property owners accountable. The outcomes of the ongoing lawsuit and local initiatives will be crucial in shaping the future of housing in Charleston.
One significant point raised was the recent involvement of North Carolina in a federal lawsuit against major property owners, including a prominent commercial landlord. This lawsuit suggests potential collusion among large apartment owners to manipulate rental prices, ensuring that rents only increase. The discussion referenced the use of technology, such as RealPage, which may facilitate this coordinated effort among landlords.
The meeting underscored the urgency of addressing these housing challenges, as they impact the community's well-being. Council members acknowledged that similar practices are occurring across various industries, indicating a broader concern about market manipulation.
As the City of Charleston continues to grapple with these housing issues, the commission's discussions signal a commitment to exploring solutions and holding property owners accountable. The outcomes of the ongoing lawsuit and local initiatives will be crucial in shaping the future of housing in Charleston.
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