j3lademaster
10-26-2022, 07:06 PM
https://news.bloomberglaw.com/esg/realpage-major-landlords-face-antitrust-lawsuit-over-rent-spike
"...beginning in approximately 2016, and potentially earlier, Lessors replaced their independent pricing and supply decisions with collusion. Lessors agreed to use a common third party that collected real-time pricing and supply levels, and then used that data to make unit-specific pricing and supply recommendations. Lessors also agreed to follow these recommendations, on the expectation that competing Lessors would do the same."
...
"As of December 31, 2019, RealPage had over 29,800 clients, including each of the ten largest multifamily property management companies in the U.S."
Who knows how many industries have these cartels, and disguise their price gouging as ‘inflation’. Healthcare, for sure, has been doing it for years.
“It’s just the market doing its thing guys, honest”.
"...beginning in approximately 2016, and potentially earlier, Lessors replaced their independent pricing and supply decisions with collusion. Lessors agreed to use a common third party that collected real-time pricing and supply levels, and then used that data to make unit-specific pricing and supply recommendations. Lessors also agreed to follow these recommendations, on the expectation that competing Lessors would do the same."
...
"As of December 31, 2019, RealPage had over 29,800 clients, including each of the ten largest multifamily property management companies in the U.S."
Who knows how many industries have these cartels, and disguise their price gouging as ‘inflation’. Healthcare, for sure, has been doing it for years.
“It’s just the market doing its thing guys, honest”.