Newswire Editor is a Common Dreams staff position.
Last week, the Department of Justice and eight other states sued software company RealPage for its alleged efforts to decrease competition among landlords and collude on prices in the rental housing market. The legal complaint filed includes shocking new details that confirm what many have suspected: RealPage’s algorithm has fueled high rent prices. You can read the full complaint here.
They held in-person meetings where users of the software, corporate landlords in most cases, heard lectures about the need to “push up new and renewal pricing.” While pricing recommendations by RealPage were not binding, any rejection of a recommendation was escalated to an employee within RealPage. Afterwards, a “pricing advisor” would reach out to property managers and landlords to push them to take the recommendation.
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