Landlords are being sued for colluding on rent increases. When more than 90% of units in large buildings have their rent controlled by the same software, it acts as a cartel to raise rents. If all landlords can coordinate rent hikes, it puts pricing power in their hands.

https://arstechnica.com/tech-policy/2023/11/14-big-landlords-used-software-to-collude-on-rent-prices-dc-lawsuit-says/

#Economics #Urbanism #Housing #HousingCrisis