The Rent Is Too Damn Algorithmic - Washington City Paper
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Attorney General Brian Schwalb is investigating RealPage, a company that helps landlords set rent prices, for potential antitrust violations.

The rent is too damn algorithmic — DC Attorney General Brian Schwalb is investigating RealPage, a company that helps landlords set rent prices, for potential antitrust violations::Attorney General Brian Schwalb is investigating RealPage, a company that helps landlords set rent prices, for potential antitrust violations.

    • KevonLooney@lemm.eeEnglish
      8·
      1 year ago

      Economics doesn’t work like that. Prices are already as high as the market will bear. Few people intentionally leave money on the table.

      More likely:

      1. Some owners will eat the tax increase
      2. Others try to raise prices
      3. They can’t get higher prices immediately because supply and demand are the same as before the tax increase
      4. They consider eating the cost or selling the property
      5. Property prices decrease due to greater supply
      6. Former renters and investors who are ok paying the tax buy the properties

      End result: more owner-occupied property, some of the tax is paid by the remaining investors and renters.