• @[email protected]
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    12 years ago

    Of note, RealPage also advised on leaving units vacant to artificially reduce supply. It did this across entire metro areas. This is very much illegal collusion.

    • @[email protected]
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      12 years ago

      Besides being a stupid business model, what is illegal about hiring a consultant to advise you how to run your business? There can’t be a law saying all landlords MUST lease out all their properties is there?

      • @[email protected]
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        12 years ago

        There isn’t a vacancy law in the US yet afaik. But businesses talking to each other specifically to manipulate the market is very illegal. And that’s what RealPage’s entire business model is, pay to share information with your competition and everyone gets to raise rent together.