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Upzoned
Department of Justice Opens Criminal Investigation Into “Housing Cartel”
Apr 24, 2024
Criminal investigation into RealPage for possible algorithmic price fixing in the rental housing market. Discussion on anti-competitive practices and collusion in raising rents. Exploring complexities of pricing items in real estate and the impact of technology on market dynamics. Advocating for housing policy reforms and empowering local communities. Delving into human behavior, brain evolution, and the importance of expanding empathy circles.
56:42
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Quick takeaways
- The US Department of Justice is investigating RealPage for potential algorithmic price-fixing in the rental housing market, highlighting concerns about centralized schemes influencing rent prices.
- Algorithmic pricing software platforms are reshaping housing dynamics by prioritizing profit maximization over local interactions, impacting affordability and supply decisions.
Deep dives
Release of Chuck Morone's Third Book on Housing
Chuck Morone announces the release of his third book focusing on housing, co-written with Daniel Hargis. The book delves into the housing crisis and the complexities of the market's response to supply and demand dynamics. The author reflects on the manuscript submission and the excitement of receiving the first copies.
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Discover
highlights
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