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Gaugamela

(2,705 posts)

3. The point of the software is to create a kind of rent cartel that manipulates

Reply to oldsoftie (Reply #1)

Tue Aug 27, 2024, 12:25 PM

Aug 2024

the market to drive prices up across the board. The software is only effective if multiple landlords and property management companies use it in a given market. According to the video, software users sign onto agreements so that it becomes difficult to for them rent below the set amount even if they want to. This forces them to keep units vacant in order to support the elevated rent, but everyone (among the landlords) benefits in the end.

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What Is RealPage? DOJ Sues Software Firm Using Algorithm Enabling Landlords to Fix High Rents [View all] Uncle Joe Aug 2024 OP

Why waste my money on RealPage? I raise my own rents. oldsoftie Aug 2024 #1

You're more enlightened than massive corporations on Wall Street buying up residential properties to rent, and Uncle Joe Aug 2024 #2

The point of the software is to create a kind of rent cartel that manipulates Gaugamela Aug 2024 #3

In that case, sounds to me like something only an idiot would agree to. oldsoftie Aug 2024 #4