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> Stop allowing landlords to "collaborate" on prices. lol. Yes, I remember at the 2022 landlords meeting we all decided to raise rents… because we never though

> Stop allowing landlords to "collaborate" on prices. lol. Yes, I remember at the 2022 landlords meeting we all decided to raise rents… because we never thought of that before!! Surely it has nothing to do with taxes and inflation, no, as a renter you should be shielded from that and we should pay it without passing it on!

AlexandrB 2y ago
You're literally describing something that happened - with a fig leaf of "algorithm" to (unsuccessfully) try to keep things legal. https://www.propublica.org/article/yieldstar-rent-increase-realpage-lawmakers-collusion https://www.propublica.org/article/yieldstar-rent-increase-r...
- SV_BubbleTime 2y ago
  That sure seems like an article written to rile people up who want to be riled up. Let’s use simple reason here… If there isn’t enough supply, rates will go up, coordination or not. If there is no supply issue, landlords who conspire to raise rents will be immediately undercut by those that do not. Article makes allegations, and nothing came of them. It’s not illegal to call and ask prices. Prices that they’re “agreeing on” were all what people were paying.
_gabe_ 2y ago
Is the FTC unbiased enough for you?[0]. This is a real problem. Many landlords use the same software to determine how much to charge, this software is intended to maximize rent by fixing the price. [0]: https://www.ftc.gov/business-guidance/blog/2024/03/price-fixing-algorithm-still-price-fixing https://www.ftc.gov/business-guidance/blog/2024/03/price-fix...
- NoGravitas 2y ago
  Or Business Insider? https://www.businessinsider.com/apartment-rent-increases-landlords-antitrust-lawsuits-real-estate-software-realpage-2024-4?op=1 https://www.businessinsider.com/apartment-rent-increases-lan...
  - SV_BubbleTime 2y ago
    My man. BusinessInsider is not a real publication. It’s a blog that pretends it is real. You couldn’t pick a worse example. FYI

AlexandrB 2y ago

You're literally describing something that happened - with a fig leaf of "algorithm" to (unsuccessfully) try to keep things legal. https://www.propublica.org/article/yieldstar-rent-increase-realpage-lawmakers-collusion https://www.propublica.org/article/yieldstar-rent-increase-r...

SV_BubbleTime 2y ago
That sure seems like an article written to rile people up who want to be riled up. Let’s use simple reason here… If there isn’t enough supply, rates will go up, coordination or not. If there is no supply issue, landlords who conspire to raise rents will be immediately undercut by those that do not. Article makes allegations, and nothing came of them. It’s not illegal to call and ask prices. Prices that they’re “agreeing on” were all what people were paying.

_gabe_ 2y ago

Is the FTC unbiased enough for you?[0]. This is a real problem. Many landlords use the same software to determine how much to charge, this software is intended to maximize rent by fixing the price. [0]: https://www.ftc.gov/business-guidance/blog/2024/03/price-fixing-algorithm-still-price-fixing https://www.ftc.gov/business-guidance/blog/2024/03/price-fix...

NoGravitas 2y ago
Or Business Insider? https://www.businessinsider.com/apartment-rent-increases-landlords-antitrust-lawsuits-real-estate-software-realpage-2024-4?op=1 https://www.businessinsider.com/apartment-rent-increases-lan...
- SV_BubbleTime 2y ago
  My man. BusinessInsider is not a real publication. It’s a blog that pretends it is real. You couldn’t pick a worse example. FYI