3 ms·
It's not just landlords using the same algorithm, they're using the same company that tells them all to set the same artificially high price. In other words, Re
by burkaman 3y ago
It's not just landlords using the same algorithm, they're using the same company that tells them all to set the same artificially high price. In other words, RealPage isn't saying "average rent around here is $2000 so that's what you should charge", it's saying "I just told every other building in this city to charge $2000, so you should too".
If there were 50 of these companies all competing in a particular city it wouldn't be a problem, but when most apartments are priced by just one or two companies, it is.