The rent is too damn algorithmic — DC Attorney General Brian Schwalb is investigating RealPage, a company that helps landlords set rent prices, for potential antitrust violations
The rent is too damn algorithmic — DC Attorney General Brian Schwalb is investigating RealPage, a company that helps landlords set rent prices, for potential antitrust violations
Attorney General Brian Schwalb is investigating RealPage, a company that helps landlords set rent prices, for potential antitrust violations.
The rent is too damn algorithmic — DC Attorney General Brian Schwalb is investigating RealPage, a company that helps landlords set rent prices, for potential antitrust violations::Attorney General Brian Schwalb is investigating RealPage, a company that helps landlords set rent prices, for potential antitrust violations.
While they're at it, investigate the use of digital price tags on store shelves, especially grocery stores
I would much rather have to deal with digital tags then stupid paper based ones. If they were done properly it should just be a simple "update price" and it sets to both. With paper tags you have employees that don't update all locations so you get discrepancies.
?? I don't think paper was stopping them from adjusting prices as needed.
All of this inflation is artificial as fuck
My rent went up by 1200 in five years.
I used to put money in a savings account.
I have employees who are now looking for roommates.
Is it really antitrust if the algorithm correctly concludes that you can effectively charge infinite money for basic needs like food, shelter, water, healthcare that humans need to survive?
The issue is that it sets the same prices for all its clients, so they all move in tandem. The more clients in one area using it, the stronger the profit for everyone because their prices move in lockstep. It creates the prices via its collision mechanism.
This is the same thing as those parties colluding to all raise their prices in tandem, they have just outsourced the collusion.
Streamline your Price Fixing shenanigans with our Tenant Screwer 3000™
Yeah, competitors setting their prices collectively is classic trust. The fact that they all hire a contractor who writes software to set the price, that doesn’t change anything. This is trust and it is against current law.
10% additional tax on any second or more property you own, boom housing crisis solved
Totally agree with this or at the very least penalize anything over a single rental property (in addition to their residence) so that middle class people can still benefit from this while rental corporations get penalized heavily.
> Rent increases to compensate for tax hike
> Surprised_Pikachu.jpg
Economics doesn't work like that. Prices are already as high as the market will bear. Few people intentionally leave money on the table.
More likely:
- Some owners will eat the tax increase
- Others try to raise prices
- They can't get higher prices immediately because supply and demand are the same as before the tax increase
- They consider eating the cost or selling the property
- Property prices decrease due to greater supply
- Former renters and investors who are ok paying the tax buy the properties
End result: more owner-occupied property, some of the tax is paid by the remaining investors and renters.
Do YARDI next. Or maybe at the same time.
I know someone who worked for them back in the day and let me tell you. Every scummy thing I read I have no proof of but from what I know of the company I believe.
Its a business model that advertises artificial price inflation for its special club of users, but it only affects the poors. This could go either way.
The people that implemented this system knew what they were doing and should be thrown in jail.
My apartment uses them. I hope this nails them down.
We should force apartments to be run as non-profits similar to utilities with strict rent price regulations. Would this discourage new housing? No, it would just shift from developers building rentals to developers building condos.