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There was another recent article related to this product, that showed large-scale landlord (4,000+ units) using this product to run experiments around their vac
by ryan_lane 4y ago
There was another recent article related to this product, that showed large-scale landlord (4,000+ units) using this product to run experiments around their vacancy rate vs their revenue, to figure out how much they could raise rates by participating in the collusion. They started at 5% and were testing 15% vacancies. That's a considerable number of units to remove from the market, and basically an unheard of vacancy number to target, but they were showing higher revenue with this model.
It's pretty obvious that this is a net negative on society.