this post was submitted on 10 Aug 2024
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submitted 3 months ago by rambling_lunatic@sh.itjust.works to c/196@lemmy.blahaj.zone
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[–] Badabinski@kbin.earth 76 points 3 months ago

Rental prices are very possibly not determined by the market these days. RealPage and other companies like it may be colluding to fix prices at artificially high levels.

This ProPublica article covers the practice fairly well: https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent

EDIT: apologies, that was the wrong article. This is the one I wanted to link: https://www.propublica.org/article/yieldstar-rent-increase-realpage-lawmakers-collusion