𝐑𝐞𝐚𝐥𝐏𝐚𝐠𝐞 𝐔𝐧𝐝𝐞𝐫 𝐅𝐢𝐫𝐞: 𝐃𝐢𝐝 𝐈𝐭𝐬 𝐑𝐞𝐧𝐭𝐚𝐥 𝐏𝐫𝐢𝐜𝐢𝐧𝐠 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐅𝐮𝐞𝐥 𝐈𝐥𝐥𝐞𝐠𝐚𝐥 𝐑𝐞𝐧𝐭 𝐇𝐢𝐤𝐞𝐬? The video discusses the soaring rent prices across the United States and a potential cause - allegations of price-fixing by rental management companies using software from RealPage. Key points: Rents rose 30% nationwide between 2019-2023 according to Zillow and StreetEasy The FBI raided Courtland Management in Atlanta as part of an antitrust investigation by the Department of Justice RealPage, a software firm, allegedly facilitates price-fixing by providing rental price recommendations that landlords adopt 80-90% of the time RealPage's influence is extensive, affecting rents for 70% of multifamily apartment buildings across the country The issue is whether using RealPage's pricing system amounts to an illegal rent-setting cartel among landlords Many expressed frustrations on social media, calling it "greedy CEO price gouging" and "rental housing cartels" There are differing views on whether RealPage's software itself is illegal or if it's the landlords' collusion in using it Zoning restrictions limiting housing development, especially in cities like California, are contributing to inflated housing prices Ensuring new developments include regular units, not just luxury units, is important to keep housing affordable. https://lnkd.in/e32dxyqB