Combine this with the #RealPage #scandal and it feels very close to game over for anyone’s chances in TX to find reasonably priced housing of any kind (own or rent). And if you read and consider the mechanisms at play, it’s basically just bad incentives - everyone along the chain has every incentive to prioritize making the most money they can as fast as they can. They act rationally for themselves, but *everyone* doing it makes for sad times. #news
https://apple.news/ABmhGdJAzQ9acWBhQfBNJ2w

Senators had questions for the maker of a rent-setting algorithm. The answers were “alarming”— by Heather Vogell for @Salon
#RealPage's answers alarmed senators so much they sent a letter to the Justice Department #Rent #RentIsTooDamnedHigh https://www.salon.com/2023/03/21/senators-had-questions-for-the-maker-of-a-rent-setting-algorithm-the-answers-were-alarming_partner/

I saw #RealPage crappy rent-jacking-up software so you don't have to; or: the banality of algorithms and landlords #landlordism #rentseeking #HousingAsAHumanRight #politics https://cohost.org/morayati/post/925436-i-saw-real-page-s-cra

#DOJ is reportedly #investigating #rent #setting #software company #RealPage #accused of helping to #drive #up #rental #prices throughout the US. https://www.theverge.com/2022/11/26/23479034/doj-investigating-rent-setting-software-company-realpage

The DOJ is reportedly investigating rent-setting software company #RealPage GOOD https://www.theverge.com/2022/11/26/23479034/doj-investigating-rent-setting-software-company-realpage

DOJ #Antitrust Division has opened an investigation into whether #rent-setting software made #RealPage is facilitating collusion among #landlords, according to a source.

The inquiry is being launched as questions have arisen about a 2017 merger between RealPage and its largest pricing competitor. The source told #ProPublica some #DOJ staff raised concerns about the merger but were overridden by political appointees of former President Donald #Trump.

By Heather Vogell:

https://www.propublica.org/article/yieldstar-realpage-rent-doj-investigation-antitrust?utm_medium=social&utm_source=mastodon&utm_campaign=mastodon-post