eliza-ngMar 3, 2024
Is the rental market facing price-fixing and collusion issues? Find out in our latest blog post on the concerns surrounding YieldStar Software.
https://www.eliza-ng.me/post/algorithmpricef/
#rentalmarket #pricingconcerns #YieldStar
Rental Market Under Fire: YieldStar Software Raises Concerns of Price-Fixing and Collusion Among Landlords

The implementation of YieldStar software by RealPage to help landlords set prices for apartments across the U.S. has sparked concerns about potential price-fixing practices in the rental housing market. By utilizing an algorithm that factors in data from competitors and discourages bargaining with tenants, the software has raised questions about the legality of its pricing strategies. While individual landlords may independently research and set rental prices based on public information, subscribing to a service like YieldStar that aggregates proprietary pricing and vacancy data could potentially cross legal boundaries.

David ZambranaAug 10, 2023

#RENTS ARE HIGH IN #NEWYORKCITY BECAUSE OF #GREEDY #LANDLORDS AND #RealPage’s ALGORITHM #YieldStar WHICH KEEPS RENTS EXORBITANTLY HIGH & WITH BUILDINGS AT HALF CAPACITY!

THIS MUST BE MADE INTO A #CRIME!

THE #GREED IS RIDICULOUS!!!

AND LANDLORDS ARE THE WORST!!!

https://www.businessinsider.com/nyc-rent-keeps-hitting-record-highs-despite-migration-from-city-2023-8

NYC rent keeps hitting record highs despite migration from city

Average Manhattan rent was up 2.2% from June and 9.3% from the previous year. This is despite soaring migration to other states.

Insider
Emanuel KlugeJul 16, 2023

#TIL: there's another kind of digital offering provided as a service, CaaS — Cartel-as-a-service.

The software #YieldStar enables landlords to — factually — collude in raising their apartments' rents above market level. 💸

And I immediately have to wonder what the situation is in the urban housing markets in Germany when it comes to leveraging software for managing rental units. 🤔

#longread 👀

https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent

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

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.

ProPublica