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I don’t understand which part of this is illegal. They are landlords and so they can set the rent. Why does it matter if they use an algorithm or a random numbe
by supportengineer 1y ago
I don’t understand which part of this is illegal. They are landlords and so they can set the rent. Why does it matter if they use an algorithm or a random number generator? If the price is too high people simply won’t pay it. I don’t think it’s really possible to charge more than the market will bear. Because they simply won’t pay it then.
- ausbah 1y agoon paper this reduces no competition between landlords? this is collusion which sort of breaks the whole supply and demand part of the housing market also housing is a pretty necessity so the prices can keep going up and people will continue to buy
- deleted 1y ago[deleted]
- istjohn 1y agoRealPage's algorithms facilitate collusion among landlords to set prices. Whether or not you agree, price-fixing is illegal [0]. 0. https://en.wikipedia.org/wiki/Price_fixing https://en.wikipedia.org/wiki/Price_fixing
- pyrale 1y ago> They are landlords and so they can set the rent. They are supposed to compete with other landlords. If they enter an agreement to share prices and to not undercut each other, market mechanics no longer work.