The FBI's recent raid on Cortland Management reveals a nationwide conspiracy to inflate rents, potentially impacting millions of renters, including those in Rhode Island. Discover how RealPage's software allegedly manipulates rental markets and what this could mean for your rent.
I wouldn’t be so quick to write this off. The software that is overwhelmingly dominant here is RealPage, which is allowing landlords to act as a cartel to set prices. This isn’t just about taking down realpage, it’s also potentially about setting a precedent about using software to obscure cartel price fixing behavior.
It wasn’t us, the AI did it.
The true benefit of AI is removing culpability.
Makes sense, the police exist to protect the assets of the rich and powerful. Everything else they do is a side hustle to justify their authority.
Now, some of that side hustle may be necessary to society but it’s always been just that.
remember that webpage what tracked the price of eggs at walmart? It went up, there was randomness and noise, and a day later all the walmarts were using it to homogenize their prices. I’m kind of surprised they hadn’t been doing something like that already, but perhaps explicit price fixing between stores in a chain is too monopolistic for the DOJ I’m a title 26 guy.
I highly doubt Walmart didn’t already know the price of eggs in each store. They probably evened it out to prevent people from just going to the cheapest nearest store just for eggs. (Even though I’m sure most people would also have bought other grocery items at the same time, but Walmart doesn’t usually think past the first few bucks.)