What I find interesting about this is that someone can still afford it because the market sets the price. We know that housing costs have increased immensely due to limited supply and because housing is a need, but someone can still afford it. Otherwise, they'd lower the price to whatever someone can pay. So if a lawyer cannot afford the rent, who can??

[–] Badabinski@kbin.earth 76 points 2 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

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