#realpage — Public Fediverse posts

New blogpost: Algorithmic rent pricing scheme axed https://www.bijt.org/wordpress/2025/11/27/algorithmic-rent-pricing-scheme-axed/ #AlgorithmicCollusion #housing #RealPage

New blogpost: Algorithmic rent pricing scheme axed https://www.bijt.org/wordpress/2025/11/27/algorithmic-rent-pricing-scheme-axed/ #AlgorithmicCollusion #housing #RealPage

紐約禁止用 AI 操控樓宇租金 演算法設定租金將定義為合謀定價
紐約州成首個禁用 AI 租金定價軟件地區 年省租戶 38 億美元 紐約州州長 Kathy Hochul 於 2 […]
#人工智能 #AI #RealPage #反壟斷法
https://unwire.hk/2025/10/19/new-york-bans-ai-rent-pricing-algorithms/ai/?utm_source=rss&utm_medium=rss&utm_campaign=new-york-bans-ai-rent-pricing-algorithms

Gizmodo: RealPage Sues Berkeley Over Ban on Algorithmic Rental Pricing . “The city of Berkeley, California is being sued by RealPage over its ban on algorithms used to determine apartment rental prices. The lawsuit states that Berkeley’s ordinance passed in March represents a ‘sweeping and unconstitutional ban on lawful speech,’ and a violation of the First Amendment’s prohibition on […]

https://rbfirehose.com/2025/04/09/gizmodo-realpage-sues-berkeley-over-ban-on-algorithmic-rental-pricing/

Gizmodo: RealPage Sues Berkeley Over Ban on Algorithmic Rental Pricing . “The city of Berkeley, California is being sued by RealPage over its ban on algorithms used to determine apartment rental prices. The lawsuit states that Berkeley’s ordinance passed in March represents a ‘sweeping and unconstitutional ban on lawful speech,’ and a violation of the First Amendment’s prohibition on […]

https://rbfirehose.com/2025/04/09/gizmodo-realpage-sues-berkeley-over-ban-on-algorithmic-rental-pricing/

Berkeley becomes the latest city to ban the use of #realpage an algorithmic rental pricing software. "“It amounts to illegal price-fixing,” https://www.berkeleyside.org/2025/03/12/berkeley-bans-rent-pricing-software-realpage

Berkeley becomes the latest city to ban the use of #realpage an algorithmic rental pricing software. "“It amounts to illegal price-fixing,” https://www.berkeleyside.org/2025/03/12/berkeley-bans-rent-pricing-software-realpage

@GramrgednAngel this frame of mind needs to be applied to every "disruptor" out there. Whatever convenience offered by way of efficiency one got from the initial disruption of an industry quickly turns into a funnel, siphoning all the equity from that industry into the pockets of the "disruptor" and arguably, tangentially speaking, into the pockets of shareholders. After that, the price the consumer pays goes up. A toll must be paid to the disruptor for all that "efficiency" provided to the business, #ServiceTitan for home service companies, #RealPage for rentals, #Uber for taxi service, #amazon for retail, and it's not the business owner that's going to pay for it. Nope, always the consumer.

This bill addresses the increasing popularity of tools like #RealPage to keep rental homes empty longer and inflate rental prices far above market rate, making an already bad housing #shortage much worse https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent

This bill addresses the increasing popularity of tools like #RealPage to keep rental homes empty longer and inflate rental prices far above market rate, making an already bad housing #shortage much worse https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent

#US targets six #landlord giants in war on alleged algorithmic rent fixing or “algorithmic pricing schemes”
The US Justice Department on Tuesday expanded its #antitrust #lawsuit against property management software vendor #RealPage, which is accused of unlawful algorithmic rent-fixing, to include six of the largest US #landlords while also proposing a settlement to resolve the case against one of the defendants.
https://arstechnica.com/tech-policy/2025/01/big-landlord-settles-with-us-will-cooperate-in-price-fixing-investigation/

#US targets six #landlord giants in war on alleged algorithmic rent fixing or “algorithmic pricing schemes”
The US Justice Department on Tuesday expanded its #antitrust #lawsuit against property management software vendor #RealPage, which is accused of unlawful algorithmic rent-fixing, to include six of the largest US #landlords while also proposing a settlement to resolve the case against one of the defendants.
https://arstechnica.com/tech-policy/2025/01/big-landlord-settles-with-us-will-cooperate-in-price-fixing-investigation/

US sues six of the biggest landlords over “algorithmic pricing schemes”

The US Justice Department today announced it filed an antitrust lawsuit against “six of the nation’s largest landlords for participating in algorithmic pricing schemes that harmed renters.” One of the landlords, Cortland Management, agreed to a settlement “that requires it to cooperate with the government,” the DOJ said.

The US previously sued #RealPage, a software maker accused of helping landlords collectively set prices by giving them access to competitors’ nonpublic pricing and occupancy information.

The landlord defendants are #Greystar, #LivCor, #Camden, #Cushman, #WillowBridge, and #Cortland, which collectively “operate more than 1.3 million units in 43 states and the District of Columbia,” the DOJ said.

The Justice Department is joined in the case by the attorneys general of CA, CO, CT, IL, MA, MN, NC, OR, TN, and WA.

Ars Technica / https://archive.ph/b2Qoq #HousingCrisis #DenyDefendDepose

US sues six of the biggest landlords over “algorithmic pricing schemes”

The US Justice Department today announced it filed an antitrust lawsuit against “six of the nation’s largest landlords for participating in algorithmic pricing schemes that harmed renters.” One of the landlords, Cortland Management, agreed to a settlement “that requires it to cooperate with the government,” the DOJ said.

The US previously sued #RealPage, a software maker accused of helping landlords collectively set prices by giving them access to competitors’ nonpublic pricing and occupancy information.

The landlord defendants are #Greystar, #LivCor, #Camden, #Cushman, #WillowBridge, and #Cortland, which collectively “operate more than 1.3 million units in 43 states and the District of Columbia,” the DOJ said.

The Justice Department is joined in the case by the attorneys general of CA, CO, CT, IL, MA, MN, NC, OR, TN, and WA.

Ars Technica / https://archive.ph/b2Qoq #HousingCrisis #DenyDefendDepose

Ars Technica: US sues six of the biggest landlords over “algorithmic pricing schemes”. “The US Justice Department today announced it filed an antitrust lawsuit against ‘six of the nation’s largest landlords for participating in algorithmic pricing schemes that harmed renters.’… The US previously sued RealPage, a software maker accused of helping landlords collectively set prices by […]

https://rbfirehose.com/2025/01/08/ars-technica-us-sues-six-of-the-biggest-landlords-over-algorithmic-pricing-schemes/

Ars Technica: US sues six of the biggest landlords over “algorithmic pricing schemes”. “The US Justice Department today announced it filed an antitrust lawsuit against ‘six of the nation’s largest landlords for participating in algorithmic pricing schemes that harmed renters.’… The US previously sued RealPage, a software maker accused of helping landlords collectively set prices by […]

https://rbfirehose.com/2025/01/08/ars-technica-us-sues-six-of-the-biggest-landlords-over-algorithmic-pricing-schemes/

Another reason to squash the #AIRevolution!

#AI costs American #Renters over $3.6 billion annually, according to new report
Judd Legum
Jan 06, 2025

"The property management software used by many #corporate #landlords, #RealPage, is deploying AI to artificially inflate rental prices in the United States by more than $3.6 billion annually, according to a new report by the White House Council of Economic Advisers (CEA).

"RealPage, owned by the private equity firm Thoma Bravo, includes a tool called "AI Revenue Management" that provides recommendations for rental prices based on data from competitors. The feature, according to the CEA, the Department of Justice (DOJ), and class action lawsuits, facilitates 'price coordination.' It allows individual landlords to 'act as if they are a single dominant landlord, and use their collective market power to increase profits by setting higher prices.'"

Read more:
https://popular.info/p/ai-costs-american-renters-over-36
#FuckAI #AISucks #NoNukesforAI #AffordableHousing #CorporateLandlordsSuck

Another reason to squash the #AIRevolution!

#AI costs American #Renters over $3.6 billion annually, according to new report
Judd Legum
Jan 06, 2025

"The property management software used by many #corporate #landlords, #RealPage, is deploying AI to artificially inflate rental prices in the United States by more than $3.6 billion annually, according to a new report by the White House Council of Economic Advisers (CEA).

"RealPage, owned by the private equity firm Thoma Bravo, includes a tool called "AI Revenue Management" that provides recommendations for rental prices based on data from competitors. The feature, according to the CEA, the Department of Justice (DOJ), and class action lawsuits, facilitates 'price coordination.' It allows individual landlords to 'act as if they are a single dominant landlord, and use their collective market power to increase profits by setting higher prices.'"

Read more:
https://popular.info/p/ai-costs-american-renters-over-36
#FuckAI #AISucks #NoNukesforAI #AffordableHousing #CorporateLandlordsSuck

https://www.axios.com/2024/12/17/realpage-rent-landlords-white-house “in Atlanta, 68% of landlords of multifamily buildings use this software — and renters in those buildings paid an additional $181, on average, per month, per the CEA's analysis.” #atlanta #housing #shortage #antitrust #realpage #therentistoodamnhigh #denver #dallas

https://www.axios.com/2024/12/17/realpage-rent-landlords-white-house “in Atlanta, 68% of landlords of multifamily buildings use this software — and renters in those buildings paid an additional $181, on average, per month, per the CEA's analysis.” #atlanta #housing #shortage #antitrust #realpage #therentistoodamnhigh #denver #dallas

#Landlords Are Using #AI To Raise #Rents — and #Cities Are Starting To Push Back

Federal #prosecutors have accused software company #RealPage of enriching itself "at the expense of #renters who pay #inflated #prices"

https://themarkup.org/locked-out/2024/12/02/landlords-are-using-ai-to-raise-rents-and-cities-are-starting-to-push-back

#Landlords Are Using #AI To Raise #Rents — and #Cities Are Starting To Push Back

Federal #prosecutors have accused software company #RealPage of enriching itself "at the expense of #renters who pay #inflated #prices"

https://themarkup.org/locked-out/2024/12/02/landlords-are-using-ai-to-raise-rents-and-cities-are-starting-to-push-back

The whole #RealPage scandal could be resolved by enforcing one basic rule: no non-public information from any source other than the client being advised may be used when providing advice on setting rents.

https://www.propublica.org/article/realpage-lawsuit-doj-antitrustdoj-files-antitrust-suit-against-maker-of-rent-setting-algorithm

#ProPublica

#DOJ Files Antitrust Suit Against #RealPage , Maker of #RentSettingAlgorithm

by #HeatherVogell 23 August 2024

#housing #housingcrisis #globalhousingcrisis #RentIsTooDamnHigh

https://www.propublica.org/article/realpage-lawsuit-doj-antitrustdoj-files-antitrust-suit-against-maker-of-rent-setting-algorithm

#ProPublica

#DOJ Files Antitrust Suit Against #RealPage , Maker of #RentSettingAlgorithm

by #HeatherVogell 23 August 2024

#housing #housingcrisis #globalhousingcrisis #RentIsTooDamnHigh

https://www.youtube.com/watch?v=q5fs9F4Scq0

#DEmocracyNow

What is #RealPage? #DOJ Sues Software Firm Using #Algorithm Enavling Landlords to Fix HighRents

#housing #housingcrisis #globalhousingcrisis #RentIsTooDamnHigh

https://www.youtube.com/watch?v=q5fs9F4Scq0

#DEmocracyNow

What is #RealPage? #DOJ Sues Software Firm Using #Algorithm Enavling Landlords to Fix HighRents

#housing #housingcrisis #globalhousingcrisis #RentIsTooDamnHigh

Great ProPublica reporting. Links to their articles.

#RealPage #AIrentraisecollusion #TenantsRights #DOJ #RentMarket #TheRentIsTooDamnHigh

https://www.democracynow.org/2024/8/27/housing_realpage_election

"Last week, the Department of Justice sued #RealPage, a technology company with an algorithm that helps #landlords push #rents as high as possible...

RealPage staffers... sell their software by saying things like 'our tool ensures that [landlords] are driving every possible opportunity to increase price even in the most downward trending or unexpected conditions.' And #rent has indeed gone up... almost 20 percent since 2020."

https://www.publicnotice.co/p/biden-harris-doj-lawsuit-realpage

#pricefixing #antitrust #election2024 #DOJ

"Last week, the Department of Justice sued #RealPage, a technology company with an algorithm that helps #landlords push #rents as high as possible...

RealPage staffers... sell their software by saying things like 'our tool ensures that [landlords] are driving every possible opportunity to increase price even in the most downward trending or unexpected conditions.' And #rent has indeed gone up... almost 20 percent since 2020."

https://www.publicnotice.co/p/biden-harris-doj-lawsuit-realpage

#pricefixing #antitrust #election2024 #DOJ

And the original @ProPublica reporting on the #RealPage #rental #housing price-fixing conspiracy. Ah, sweet #monopoly

https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent

And the original @ProPublica reporting on the #RealPage #rental #housing price-fixing conspiracy. Ah, sweet #monopoly

https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent

The Department of Justice and eight states on Friday
💪🏽sued the maker of rent-setting software that ⚠️critics blame for sending rents soaring in apartment buildings across the country.

The civil lawsuit, filed in federal district court in Greensboro, North Carolina, accuses Texas tech company ❌RealPage of
taking part in an #illegal #price-#fixing scheme to reduce competition among landlords so they can 🔹boost prices — and profits.

It also alleges the company took over the market for such price-setting software, effectively #monopolizing it.

“#RealPage has built a business out of frustrating the natural forces of vigorous competition,” said Assistant Attorney General Jonathan Kanter at a news conference Friday with top department officials.

✅“The time has come to stop this illegal conduct.”
The antitrust lawsuit is the latest
— and most dramatic
— development to follow a 2022 ProPublica investigation that examined RealPage’s role in helping landlords set rent prices across the country,
an arrangement that legal experts said could result in #cartel-like behavior.
Since then, senators have introduced legislation seeking to ban such practices,
tenants have filed dozens of ongoing federal lawsuits,
and San Francisco’s Board of Supervisors moved to bar landlords from using similar algorithms to set rents.

https://www.propublica.org/article/realpage-lawsuit-doj-antitrustdoj-files-antitrust-suit-against-maker-of-rent-setting-algorithm

The Department of Justice and eight states on Friday
💪🏽sued the maker of rent-setting software that ⚠️critics blame for sending rents soaring in apartment buildings across the country.

The civil lawsuit, filed in federal district court in Greensboro, North Carolina, accuses Texas tech company ❌RealPage of
taking part in an #illegal #price-#fixing scheme to reduce competition among landlords so they can 🔹boost prices — and profits.

It also alleges the company took over the market for such price-setting software, effectively #monopolizing it.

“#RealPage has built a business out of frustrating the natural forces of vigorous competition,” said Assistant Attorney General Jonathan Kanter at a news conference Friday with top department officials.

✅“The time has come to stop this illegal conduct.”
The antitrust lawsuit is the latest
— and most dramatic
— development to follow a 2022 ProPublica investigation that examined RealPage’s role in helping landlords set rent prices across the country,
an arrangement that legal experts said could result in #cartel-like behavior.
Since then, senators have introduced legislation seeking to ban such practices,
tenants have filed dozens of ongoing federal lawsuits,
and San Francisco’s Board of Supervisors moved to bar landlords from using similar algorithms to set rents.

https://www.propublica.org/article/realpage-lawsuit-doj-antitrustdoj-files-antitrust-suit-against-maker-of-rent-setting-algorithm

US sues #RealPage, claims rental-pricing #algorithm used by #landlords is illegal https://arstechnica.com/?p=2045044

US sues #RealPage, claims rental-pricing #algorithm used by #landlords is illegal https://arstechnica.com/?p=2045044

US sues RealPage, claims rental-pricing algorithm used by landlords is illegal - Enlarge / US Attorney General Merrick Garland speaks during a news conf... - https://arstechnica.com/?p=2045044 #realpage #policy

US sues RealPage, claims rental-pricing algorithm used by landlords is illegal - Enlarge / US Attorney General Merrick Garland speaks during a news conf... - https://arstechnica.com/?p=2045044 #realpage #policy

"Today, we [the #DOJ] filed an antitrust suit against #RealPage to fight the rising tide of high #rent, to restore competition and to make housing more affordable for millions of people across the country.

"RealPage says its software enables landlords to—and this is a direct quote—'drive every possible opportunity to increase price even in the most downward trending or unexpected conditions.'"
https://www.justice.gov/opa/speech/assistant-attorney-general-jonathan-kanter-delivers-remarks-justice-departments-lawsuit

"The #DOJ filed an antitrust lawsuit Friday against real estate software company #RealPage, accusing it of an illegal scheme that allows #landlords to coordinate to hike rental prices.

"the company is violating antitrust laws through its algorithm that landlords use to get recommended rental prices for apartments... [it] allows landlords to align their prices and avoid competition that would otherwise keep rents down"
https://apnews.com/article/realpage-antitrust-lawsuit-justice-department-rents-e9d0a2fcab6a7f2200847b36c4fc1aca
—
#housing #inequality #rent #AffordableHousing

Things are getting spicy with #RealPage — they screwed up rents around Seattle and all over the US, and their claim that their algorithmic rents aren't an issue doesn't stand up.
https://www.npr.org/2024/08/23/nx-s1-5087586/realpage-rent-lawsuit-doj-real-estate-software-landlords-justice-department-price-fixing

U.S. Plans to Accuse #RealPage of Enabling #Collusion on #Rents

The Justice Department is set to file an #antitrust suit against the real estate company RealPage alleging illegal price-fixing facilitated by #algorithms.
#doj #realestate #rent #algorithm

https://www.nytimes.com/2024/08/23/business/economy/realpage-doj-antitrust-suit-rent.html