Thursday, 20 October 2022

Rent Going Up? One Company’s Algorithm Could Be Why.

quote [ Texas-based RealPage’s YieldStar software helps landlords set prices for apartments across the U.S. With rents soaring, critics are concerned that the company’s proprietary algorithm is hurting competition. ]

Basically, landlords are using algorithm services to collude in price fixing. Roper, one of the assholes behind the service Yieldstar, literally got his start in price fixing for airlines and got busted for it back in the 80's only to come back and do it for landlords.
[SFW] [business] [+1 WTF]
[by steele@9:33pmGMT]


yogi said @ 9:56pm GMT on 20th Oct [Score:1 Good]
Thanks for posting this!
steele said @ 2:39pm GMT on 21st Oct
steele said @ 6:55pm GMT on 21st Oct
RealPage, Landlords Sued by Renters After ProPublica Story

Renters who filed suit in California accuse RealPage and several property management firms of artificially inflating rent rates.

avid said @ 6:38am GMT on 26th Oct
Let's say you have an island. The landlords on this island have erected 1,000 1-person tents. The tents cost the landlords $1/month. 1,000 workers are on the island, and they will earn $100/month. It's impractical to leave immediately, no matter the cost of the tents.

What price should the landlords set for the tents?

What price will they set?
mechanical contrivance said @ 3:21pm GMT on 26th Oct
As much as they can.
avid said @ 7:07am GMT on 28th Oct [Score:-1 Overrated]
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