this post was submitted on 11 Aug 2024
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[–] conciselyverbose@sh.itjust.works 188 points 8 months ago (2 children)

The lawsuits also argue that RealPage pressures landlords to comply with its pricing suggestions—something that would make no sense if the company were merely being paid to offer individualized advice. In an interview with ProPublica, Jeffrey Roper, who helped develop one of RealPage’s main software tools, acknowledged that one of the greatest threats to a landlord’s profits is when nearby properties set prices too low. “If you have idiots undervaluing, it costs the whole system,” he said. RealPage thus makes it hard for customers to override its recommendations, according to the lawsuits, allegedly even requiring a written justification and explicit approval from RealPage staff. Former employees have said that failure to comply with the company’s recommendations could result in clients being kicked off the service

Holy shit that's blatantly cartel pricing.

[–] sunzu@kbin.run 62 points 8 months ago (1 children)

Holy shit that's blatantly cartel pricing.

That's for courts to decide, peasant!

[–] very_well_lost@lemmy.world 39 points 8 months ago (1 children)

That's for courts to ~~decide~~ ignore, peasant!

[–] Fermion@feddit.nl 11 points 8 months ago (1 children)

RealPage can afford to send justices on very nice vacations as a gratuity.

[–] very_well_lost@lemmy.world 5 points 8 months ago

It will certainly be gratuitous...

[–] LodeMike@lemmy.today 8 points 8 months ago
[–] Zarxrax@lemmy.world 98 points 8 months ago (5 children)

Headline talks about AI, article talks about algorithms. Chasing that click bait I see.

[–] __init__@programming.dev 45 points 8 months ago (2 children)
[–] xthexder@l.sw0.com 3 points 8 months ago (1 children)
[–] isles@lemmy.world 1 points 8 months ago (1 children)

Of course, algorithms! The answer was right there all along!

[–] Blackdoomax@sh.itjust.works 1 points 8 months ago

You can't make algorithms without AI ;)

[–] Petter1@lemm.ee 3 points 8 months ago
[–] technocrit@lemmy.dbzer0.com 14 points 8 months ago* (last edited 8 months ago) (1 children)

True but every article about "AI" is really talking about something else.

[–] xthexder@l.sw0.com 3 points 8 months ago

In this case they're talking about "Algorithm Implementation"

[–] conciselyverbose@sh.itjust.works 13 points 8 months ago* (last edited 8 months ago)

You know AI is an algorithm?

It's probably ML.

[–] RagingHungryPanda@lemm.ee 1 points 8 months ago

a lot of AI is really just fancy statistics stuff. Years and years ago, I was doing an introductory lesson on some AI tools and the example given was predicting the price of rent or the price of a house. There's likely a mixture of the statistics part to predict and the algorithmic part to increase the amount and see if people bite.

It turns out, most will when everyone is using it bc being homeless kinda sucks.

[–] Djtecha@lemm.ee 69 points 8 months ago (1 children)

The issue here is when they get sued into oblivion it doesn't matter. The damage has been done and the state never goes after their personal riches. Wake me up when the ceo goes to jail or has all their property seized.

[–] Isoprenoid@programming.dev 39 points 8 months ago (1 children)

Wake me up when the fines overshadow the profits.

[–] technocrit@lemmy.dbzer0.com 9 points 8 months ago

Wake me up when capitalism is over (if humanity still exists).

[–] seaQueue@lemmy.world 18 points 8 months ago