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submitted 2 years ago by [email protected] to c/[email protected]

29 comments fedilink hide all child comments

The rent is too damn algorithmic — DC Attorney General Brian Schwalb is investigating RealPage, a company that helps landlords set rent prices, for potential antitrust violations::Attorney General Brian Schwalb is investigating RealPage, a company that helps landlords set rent prices, for potential antitrust violations.

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[–] [email protected] 68 points 2 years ago* (last edited 2 years ago)

The issue is that it sets the same prices for all its clients, so they all move in tandem. The more clients in one area using it, the stronger the profit for everyone because their prices move in lockstep. It creates the prices via its collision mechanism.

This is the same thing as those parties colluding to all raise their prices in tandem, they have just outsourced the collusion.