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Title is very confusing: this has nothing to do with swimming pools or the color green. This is about monopolized rent fixing.
by o11c 2y ago
Title is very confusing: this has nothing to do with swimming pools or the color green.
This is about monopolized rent fixing.
- jt2190 2y agoI think the title is a failed attempt at humor: “Algorithm turned apartment [investment] pools green [like money]”
- alwa 2y agoPhysical pools do also turn an ominous shade of green from algae when they’re not maintained, as apparently a Google review indicates happened at one of the property complexes mentioned in the piece. I read it as trying to imply that the price fixing algorithm incentivized management firms to neglect maintenance.
- ipsum2 2y agoThat's quite clever!
- ksherlock 2y agoI was expecting some sort of instagram influencer nonsense. https://www.cnn.com/travel/article/instagram-spain-toxic-intl-scli/index.html https://www.cnn.com/travel/article/instagram-spain-toxic-int... https://www.thrillist.com/news/nation/instagrammers-siberian-lake-toxic-waste-dump https://www.thrillist.com/news/nation/instagrammers-siberian...
- sidhdh 2y agoI thought it was about greening (ie energy efficiency) pools. I was all excited about sharing idea to slash pool CO2 emissions
- alwa 2y agoI am also confused by the allegation of “inflating toxic property bubbles.” After reading I’m still not sure what that means, but yeah—monopolized rent fixing and a shift to prioritizing rent increases over occupancy rates.
- dwighttk 2y agoRight at the end it mentions the complex’s pool has been closed for two years… which I guess you can tie to the algorithm telling the landlord they don’t need to service the pool to get the rent they think they can charge, but yeah… the article doesn’t really justify the title.