5 ms·

Or instead of market based they're set by an algorithm that pushes them as high as it possibly can: https://www.propublica.org/article/yieldstar-rent-increase-r

Or instead of market based they're set by an algorithm that pushes them as high as it possibly can: https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent https://www.propublica.org/article/yieldstar-rent-increase-r... “The beauty of YieldStar is that it pushes you to go places that you wouldn’t have gone if you weren’t using it,” said Kortney Balas, director of revenue management at JVM Realty, referring to RealPage’s software in a testimonial video on the company’s website. The nation’s largest property management firm, Greystar, found that even in one downturn, its buildings using YieldStar “outperformed their markets by 4.8%,” a significant premium above competitors, RealPage said in materials on its website.

Ekaros 4y ago
So they are fixing an inefficiency in market by actually charging what market can bear. Should be applauded for the work, as inefficient markets are bad. Now they genera more profit which they can invest in more property thus enabling possibly more units to be build.
- Arainach 4y ago
  Moving all the money into the hands of landlords means that the population has no money to spend on anything else. This is massively detrimental to society.
  - parineum 4y ago
    Good thing nobody suggested that. Allowing landlords to actually build would drive prices down but overregulation and zoning laws have broken the supply end of the market.
    - orwin 4y ago
      Landlords do not build. And often oppose new development that risk lowering the price of their investment.
      - parineum 4y ago
        And how do they oppose development? Do they break the kneecaps of their potential new landlord rivals so they don't build new apartments and provide competition?
      - imtringued 4y ago
        They don't build because local homeowners vote for more restrictive zoning. Private corporations benefit anyway because their property values go up.
- sofixa 4y ago
  > Now they genera more profit which they can invest in more property thus enabling possibly more units to be build. Except that investing in new property might bring the revenues and profits of their current properties down, so there's a direct disincentive not to build more.

Ekaros 4y ago

So they are fixing an inefficiency in market by actually charging what market can bear. Should be applauded for the work, as inefficient markets are bad. Now they genera more profit which they can invest in more property thus enabling possibly more units to be build.

Arainach 4y ago
Moving all the money into the hands of landlords means that the population has no money to spend on anything else. This is massively detrimental to society.
- parineum 4y ago
  Good thing nobody suggested that. Allowing landlords to actually build would drive prices down but overregulation and zoning laws have broken the supply end of the market.
  - orwin 4y ago
    Landlords do not build. And often oppose new development that risk lowering the price of their investment.
    - parineum 4y ago
      And how do they oppose development? Do they break the kneecaps of their potential new landlord rivals so they don't build new apartments and provide competition?
    - imtringued 4y ago
      They don't build because local homeowners vote for more restrictive zoning. Private corporations benefit anyway because their property values go up.
sofixa 4y ago
> Now they genera more profit which they can invest in more property thus enabling possibly more units to be build. Except that investing in new property might bring the revenues and profits of their current properties down, so there's a direct disincentive not to build more.