#realpage — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #realpage, aggregated by home.social.
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(25 Nov) Landlords’ go-to tool to set rent prices to be gutted under RealPage settlement RealPage agrees to settle suit over DOJ claims software raised rents across the US. https://s.faithcollapsing.com/zebzl #antitrust-law #policy #price-fixing #realpage
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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
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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
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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
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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
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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
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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 […]
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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
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#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"
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#DOJ Files Antitrust Suit Against #RealPage , Maker of #RentSettingAlgorithm
by #HeatherVogell 23 August 2024
#housing #housingcrisis #globalhousingcrisis #RentIsTooDamnHigh
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https://www.youtube.com/watch?v=q5fs9F4Scq0
What is #RealPage? #DOJ Sues Software Firm Using #Algorithm Enavling Landlords to Fix HighRents
#housing #housingcrisis #globalhousingcrisis #RentIsTooDamnHigh
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Great ProPublica reporting. Links to their articles.
#RealPage #AIrentraisecollusion #TenantsRights #DOJ #RentMarket #TheRentIsTooDamnHigh
https://www.democracynow.org/2024/8/27/housing_realpage_election
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Three Algorithms in a Room
https://prospect.org/economy/2024-06-05-three-algorithms-in-a-room/
#ycombinator #Economic_Policy #pricing #deregulation #airlines #rental_housing #meatpacking #Amazon #RealPage #corporate_power #antitrust #Justice_Department #Federal_Trade_Commission #Jun_2024_Issue #Luke_Goldstein -
@AdrianRiskin If you don't have some units vacant/unsold, you're not pricing high enough to maximize profits. #Econ101 The problem is that this conflicts with public interest goals of #housing everyone.
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An 'Algorithm' Turned Apartment Pools Green
https://prospect.org/infrastructure/housing/2024-06-18-how-algorithm-turned-apartment-pools-green/
#ycombinator #real_estate #financial_industry #rental_housing #RealPage #pricing #mortgages #Texas #Maureen_Tkacik -
And the hits just keep on coming 😑
"Crickets from Chirp Systems in Smart Lock Key Leak" 🧐
https://krebsonsecurity.com/2024/04/crickets-from-chirp-systems-in-smart-lock-key-leak/
#yaledoorman #smartlock #cybersec #cybersecurity #infosec #homesecurity #doorlock #chirp #realpage #cisa
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This could be big for millions of renters across the United States. Many commercial landlords use software called RealPage to set their rents. A class action lawsuit alleges that amounts to price-fixing (in interstate commerce, no less).