Landlords Using Shady Algorithm To Raise Rents | Judd Legum | TMR
June 15, 2024
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20:13Now PlayingLandlords Using Shady Algorithm To Raise Rents | Judd Legum | TMR
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Live-streamed on June 12, 2024
This story, originally broken by ProPublica a few years ago, of RealPage’s rent-pricing algorithm for landlords, and how the prevalent usage of RealPage in housing markets allows corporate landlords to eschew direct conspiracy yet reap all the benefits of collusion, from raised and fixed rents to artificial market constraints. After unpacking some of the finer elements of RealPage’s “property management” software, we look to the development of multiple major lawsuits against RealPage, including class-action suits in Atlanta and DC, unpacks the evidence that has come through discovery, and tackles the FBI’s recent raid of a corporate landlord’s offices in a major development to a criminal anti-trust case against RealPage, before wrapping up with a brief assessment of landlord liability in a federal criminal case.
Judd Legum is the proprietor of the Popular Information newsletter on SubStack
#SamSeder #EmmaVigeland #MajorityReport #politics #news
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