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 threadsamiamsam

@ProPublica

rent in my city is stupid high

same for home prices

STUPID HIGH

Aug 23, 2024 at 9:49pmWeb