The Conversation U.S.的动态

The housing affordability crisis we're facing involves multiple factors beyond zoning regulations. A recent DOJ investigation suggests that software like RealPage might play a role in driving up rents. Check out this insightful article to learn more: https://lnkd.in/gD8ZrexH #HousingAffordability #RealEstate #DOJInvestigation #RentalMarket #ZoningRegulations

Landlords should not be allowed to collude with others to fix prices and inflate rent. That's a given. But what about using technology to determine fair market rent for properties? There are mixed opinions on this. What do you think? #propertymanagement #rentprices #fairmarketrent

'inflated rent hikes' Landlords gouging renters, renters are taking corporate landlords to court : influences rent prices price-fixing the market rate of rent ????????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·???????? A group of renters in the U.S. say their landlords are using software to deliver inflated rent hikes.

Important News ?? In the past two years, over 30 lawsuits have been filed in federal and state courts alleging companies are equipping corporate landlords with software algorithms that allow competitors to collude on rental housing prices. Learn more about the increased scrutiny surrounding rental home price fixing: https://ow.ly/6HZZ50SMwYU

The federal government investigating rent pricing software like RealPage and its customers is a hot story in real estate technology. Last week, it escalated with an FBI raid in Atlanta. Software giants like RealPage and Yardi have stuck themselves into real estate operations like superglue. The whole industry knows this. These companies have (smartly) leveraged the stickiness of their accounting functionality to maneuver their products into owning nearly all aspects of property operations. They are very powerful (Yardi recently bought WeWork out of Ch 11 for $450M) and hard to compete against. As they began to own more layers of their customers' property operations, did these companies become too profit-happy with their approach to rent pricing? Is RealPage artificially driving rents up by keeping sensitive pricing information in closed circles? Unclear if it is price fixing. There are certainly political incentives behind this investigation (Biden administration prioritizing affordable housing), but that does not make the consequences less real. I'll be watching the results. https://lnkd.in/evCmm6Gs

I always thought it was weird that large corporate housing providers would use automated data rather than having each unit analyzed. At one point my wife and I were looking to rent in DTLA. We checked out a building where they used this software. I knew right off the bat that it was inaccurate because they were charging the same as other buildings, but this building separated all the utilities. Plus one of the only amenities, which was a pool, was being redone. This means they were trying to charge the same but offered less. This is interesting, but not sure how much of a leg the tenants have. I would imagine that a settlement is on the horizon, but the better question is what precedent does this set? My guess, RealPage, the company that suggests the pricing, will just have more disclosures for their housing provider clients that state that ultimately it is up to the client to determine the pricing and that this is just a guide. Thoughts? . . . #realpage #realestateinvesting #landlord #tenants #housingproviders #rentprices #lawsuit https://lnkd.in/g5fZyG4z

Have you heard about possible collusion in fixing rent rates? Here is an interesting article about a current lawsuit taking place. The RealPage response to this issue is also included in this article.

This is the BIGGEST NEWS IN MANY, MANY YEARS! I don’t do Politics on Linked In, but you should know that this took a STRONG group of politicians to ensure we stop collusion by Wall Street … This is a fantastic start! Thank you, to the Democrats that stood up in Congress and fought hard to get this investigation started, having ZERO help from the GOP in any state until recently and only then getting only 2 on board to even research what is happening on their home state. It’s been a LONG TIME coming. Inflation doesn’t happen in a vacuum. In this case, colluding with other corporate entitities using computer software has caused massive inflationary rental markets, nationwide. In the old days, rent prices were set by local, restricted markets with a scope focusing on around a 10mile radius, over a 30 day period to set fair market rents. Now, thanks to software programs- corporate owners use one or two properties to set rents nationwide, using 24 hour increments, holding pricing high the first and last weeks of the month, hiding actual occupancy rates from other property owners. In otherwords- lying about occupancy to raise rents, colluding using software as a fake benchmark. There is no actual research involved- the program does the “research” to set the rents using an “algorithm” giving the corporate entities plausible deniability. Let’s hope this breaks their backs and helps get America’s rental market back on track.

Attention Los Angeles homeowners and real estate investors—Proposition 33 is on the ballot this election, and it could bring significant changes to property laws in the city. If you own a home or are involved in the real estate market, understanding how rent control policies could affect your investments is crucial. In my latest blog post, I break down how Prop 33 could impact property owners, rental markets, and new development in LA. Make sure you’re informed before you vote! Read more here: https://lnkd.in/gxysfVPx

The U.S. Department of Justice, along with several states, is suing RealPage, accusing the company of using its software to coordinate rent prices among landlords, artificially inflating costs for millions of renters. #RealPage #DOJ #Antitrust #RentPrices #PropertyManagement #ClassAction