2 ms·
Collusion is just a tool, an illegal one, but a tool nonetheless. You say RealPage is magical, I think it’s just evidence of its control over the housing market
by onjectic 2y ago
Collusion is just a tool, an illegal one, but a tool nonetheless. You say RealPage is magical, I think it’s just evidence of its control over the housing market, not clairvoyance. It self-fulfills whatever prophecy it comes up with. And these prophecies seem to always predict ever increasing prices(excluding high frequency noise), far above what the market would normally allow.
Renting is supposed to have risks, without these risks it probably wouldn’t even be allowed in modern society. Landlords are well within their right to find creative ways to mitigate them, but it can’t involve breaking the very same set of societal rules their tenants are following, there is nothing creative about that. If only criminals targeted criminals, but they always go after the easiest victims.
- ethagknight 2y agoSerious question… is the stock market collusion? Sellers looking at each others work, agreeing on a price? There’s a very healthy, active and open market for apartment rents in most cities. If you are posting from somewhere with heavy rent controls, government market manipulation, or extreme demand, blame those instead! it’s still a market. I’m not excusing bad actors, but real page is not a scapegoat
- onjectic 2y agoCan you predict the stock market? Just like the rent-market can have price manipulation, so can the stock-market and any other market. It’s absolutely possible for a trading platform to do this through price recommendations, and it would be illegal. The two things being compared here are completely different though. It’s not very useful. Whats the real-life stock equivalent to RealPage? Who even rents stocks? Additionally RealPage is forceful with its price “recommendations”. Imagine if a trading platform forced you to buy/sell a certain percentage of your stocks at their suggested rate, and file an appeal to opt out.