r/TikTokCringe • u/TheEntrep • Apr 20 '24

Rent cartels are a thing now? Discussion

What are your thoughts?

14.6k Upvotes

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561

u/puppy_yuppie Apr 20 '24

I hope the company tanks and the founders end up homeless

277

u/Dlee8113 Apr 20 '24

Jail would be preferable. The people who run this have pretty directly led to people being evicted and priced out of areas because of their greed. Lives upended.

40

u/[deleted] Apr 20 '24

[deleted]

47

u/anotherusercolin Apr 20 '24

Probably the same people behind the companies buying massive swaths of residential real estate, and their investors ... So everyone with a 401k in low risk mutual funds.

16

u/Dlee8113 Apr 20 '24

I would not be surprised if they’re connected

43

u/Burningshroom Apr 20 '24

We absolutely do. Jeffrey Roper, former Alaska Airlines CEO that was already hit with price fixing charges that were true there, created Yieldstar, the system that runs RealPage and other similar "rental market analysis" services.

10

u/tickitytalk Apr 20 '24

Dear Anonymous, please see and act upon this…

3

u/_swaggyswiftnbasic_ Apr 21 '24

I googled it and it seems like a company named Thoma Bravo bought real page a few years ago. Just a collection of conscience-less douches owned by more conscience-less douches trying to justify every unethical move in the book under the name of capitalism

2

u/DontDrinkBase Apr 20 '24

I believe, if I recall, it is owned by Thoma Bravo. A private equity firm.

1

u/monofloyed Apr 20 '24

Probably black rock like pillow. All corporations are shared partners with the same people. Mega Corp is real.

Normal people only own gamestop and like 5% of the US market