Yeah, apparently, when they are using this real page software, they are able to figure out how much they can charge for an apartment and how many apartments they can leave vacant before dropping their prices, and as long as the software says they’ll make more money doing something one way, then that’s what they’re going to do.
Don’t landlords dislike vacancies because empty units get broken into and vandalized, creating more cost?
https://truthout.org/articles/real-estate-software-aided-price-fixing-cartel-among-us-property-companies/
Yeah, apparently, when they are using this real page software, they are able to figure out how much they can charge for an apartment and how many apartments they can leave vacant before dropping their prices, and as long as the software says they’ll make more money doing something one way, then that’s what they’re going to do.