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There seems to be nothing preventing YieldStar's actual business model: 1. Pick a rental rate. This can be based on public data, nonpublic data, or totally mad
by ImPostingOnHN 11mo ago
There seems to be nothing preventing YieldStar's actual business model:
1. Pick a rental rate. This can be based on public data, nonpublic data, or totally made-up.
2. "Strongly encourage" your users/customers to use the rate you picked.
3. 90% of your users/customers agree (historically speaking), legal collusion achieved.
- Muromec 11mo agoThat's the rent controls that communists were supposed to bring, right? It just needs a cuty hall setting a celling on yearly increases
- immibis 11mo agoI don't think HN users understood the sarcasm.
- gruez 11mo ago>2. "Strongly encourage" your users/customers to use the rate you picked. That's what got them whacked in the DOJ investigation/indictment though?
- paxys 11mo agoRTFA. The settlement prevents all of these. Can't use nonpublic data in their models. Can't look at active leases. Can't run surveys to collect data. Can't suggest pricing narrower than at the state level. Can't align pricing among different users. Can't have features that discourage decreasing prices.
- deleted 11mo ago[deleted]