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Raising prices is legal, but each rental company has to be independent. The rental companies broke the law by using a 3rd party company to collude to raise pric
by IronWolve 3y ago
Raising prices is legal, but each rental company has to be independent. The rental companies broke the law by using a 3rd party company to collude to raise prices.
- Deprecate9151 3y agoThe lawsuit accuses RealPages of not just being used for the collusion, but actually orchestrating the collusion. It claims RealPages went to the point of attempting to coordinate lease start/end timing across landlords to prevent oversupply, and having daily pricing calls with their customers where they pressure them not to deviate from the algorithmic suggested price. That's in addition to using non-public rental and pricing data from its customers to calculate the algorithmic price in the first place.
- sklargh 3y agoYeah this is the crux.