3 ms·
The article makes it clear this isn’t about rent control. The concern is market manipulation via artificially reducing supply and similar tactics not the gover
by Retric 3y ago
The article makes it clear this isn’t about rent control.
The concern is market manipulation via artificially reducing supply and similar tactics not the government picking a price. Collusion is far easier with housing because nobody can flood the market so you don’t need every participant to agree.
In Seattle, for example, ProPublica found that 10 property managers oversaw 70% of all multifamily apartments in one neighborhood — and every single one used pricing software sold by RealPage.
“Setting prices with an algorithm is no different from doing it over cigars and whiskey in a private club,”