U.S. landlords who use RealPage products to set prices on rental apartments are facing accusations of collusion.
  • A group of lawsuits accuse large landlords of price-fixing the market rate of rent in the United States
  • A complaint filed by Washington D.C.’s Attorney General alleges 14 landlords in the district are sharing competitively sensitive data through RealPage, a real estate software provider
  • RealPage recommends prices for roughly 4.5 million housing units in the United States
  • RealPage told CNBC that its landlord customers are under no obligation to take their price suggestions

A group of renters in the U.S. say their landlords are using software to deliver inflated rent hikes.

“We’ve been told as tenants by employees of Equity that the software takes empathy out of the equation. So they can charge whatever the software tells them to charge,” said Kevin Weller, a tenant at Portside Towers since 2021.

Tenants say the management started to increase prices substantially after giving renters concessions during the Covid-19 pandemic.

  • maness300@lemmy.world
    0·
    9 months ago

    Price fixing is normal and doesn’t require explicit collusion.

    Have you ever seen gas stations on 2 sides of the road with the exact same prices? It’s a genlemen’s agreement.

    This lawsuit will go nowhere.

    • ShepherdPie@midwest.social
      0·
      9 months ago

      I think one could make the argument that the shared software creates a situation of collusion. Gas stations can see what their neighboring gas stations are charging via the giant sign with the price per gallon listed but there’s nothing uniting them with every other gas station in the city to ensure nobody charges less than anyone else.