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by slt2021 656 days ago
False, you are wrong.

Corporate landlords use RealPage in Austin, Minneapolis yet rents fall there because of supply of new housing.

RealPage does impact rental prices, but only marginally, and the real impact to prices is from supply constraint + demand.

If there is enough supply, any realpage algorithm wont matter much because of market forces. Market forces trump everything

3 comments

> Market forces trump everything

Unless a certain company interferes with market forces — aka the whole purpose of this lawsuit.

If you need a place to live, what’re you going to do, be homeless? They have enough of the market in some cities to impact the market in a way that distorts the prices for everyone. Market forces cannot operate when companies act anticompetitively

I agree that realpage is the villain here, but let's not distract from the real problem.

even if realpage disappears overnight, rent prices wont fall because the new construction is outlawed by the NIMBYs.

fix new construction via zoning reform if you want to actually help people

Supply will never exceed demand by very much because unlike a chair it's a very expensive good to sit on for long. Nobody profits by "overbuilding" so they won't do it nor defect on pricing given a collective target which benefits all owners.

People aren't pool balls bouncing around on a table they are fully capable of serving their interests.

Its weird to argue against the obvious conclusion that price fixing increases price

An anecdote does not prove that RealPage doesn’t have a greater impact in other markets… That’s just not how logic works. You also fail to consider that rents may have fallen further if RealPage was not in use.