3 ms·
The rub is that if store and store b got together and negotiated a price they would stick to and not try to undercut each other, that's price fixing, and that i
by sleepybrett 2y ago
The rub is that if store and store b got together and negotiated a price they would stick to and not try to undercut each other, that's price fixing, and that is what realpage is doing on a MASSIVE scale.
'Cartel/Corporate' owners own ~70% of the units in Seattle. 11 total companies (big names you should know like gray star and equity residential), to the one they all use realpage. That's 70% of the market price fixed, MINIMUM.
- throwaway2037 2y agoBefore your second paragraph: I Googled about it and found this ProPublica story: https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent https://www.propublica.org/article/yieldstar-rent-increase-r... The exact quote: > In one neighborhood in Seattle, ProPublica found, 70% of apartments were overseen by just 10 property managers, every single one of which used pricing software sold by RealPage. To be clear, that is "one neighborhood" in Seattle. Your second paragraph makes it seem like all of Seattle. To be clear, in neighborhoods with lots of new high rise buildings, this pattern seems normal to me: About 10 companies (or less) do most of the property management.
- sleepybrett 2y agoThat neighborhood is the neighborhood amazon is in South Lake Union. But as far as I can tell every corporate building in town uses them which is a wild amount of buildings.