ProPublicaAug 23, 2024

#DOJ Files #Antitrust Suit Against RealPage, Maker of Rent-Setting #Algorithm
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The suit, which comes in the wake of a ProPublica investigation into the #Texas company, accuses RealPage of taking part in an illegal price-fixing scheme to reduce competition among #landlords to boost prices — and profits.

#News #Housing #RealEstate #Apartments #Government #Business
https://www.propublica.org/article/realpage-lawsuit-doj-antitrustdoj-files-antitrust-suit-against-maker-of-rent-setting-algorithm

DOJ Files Antitrust Suit Against Maker of Rent-Setting Algorithm

The lawsuit, which comes in the wake of a ProPublica investigation into the Texas company, accuses RealPage of taking part in an illegal price-fixing scheme to reduce competition among landlords to boost prices — and profits.

ProPublica
Show threadProPublicaAug 23, 2024
Read our original 2022 report on RealPage here:
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
Show threadMike Barbre
@ProPublica Take them to court and bury them.
Aug 23, 2024 at 8:51pmWeb
Show threadantipode77Aug 25, 2024

@MikeBarbre @ProPublica

It is currently happening.

DOJ Announcement.
https://youtu.be/0Z4ToglRsIU
[ Corrected youtube link ! ]

DOJ complaint against RealPages.
https://storage.courtlistener.com/recap/gov.uscourts.ncmd.99417/gov.uscourts.ncmd.99417.1.0.pdf

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