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Slate Money
Is This Company Keeping the Rent Too Damn High?
Aug 31, 2024
This week, the discussion heats up with allegations against RealPage for colluding to inflate rents. The hosts analyze Nvidia's earnings, debating its real worth amidst stock market hype. They also dive into Australia’s new ‘right to disconnect’ law and consider whether American workers will ever get similar relief. Plus, a cheeky mini-segment ponders the pros and cons of drinking in airports. Get ready for a blend of serious insights and lighthearted banter!
50:39
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Quick takeaways
- The DOJ's lawsuit against RealPage highlights how algorithms may facilitate collusion among landlords to unjustifiably raise rental prices.
- The broader implications of rising rents driven by RealPage's practices exacerbate housing affordability issues, particularly for low-income renters.
Deep dives
The RealPage Antitrust Lawsuit
The Department of Justice has filed an antitrust lawsuit against RealPage, a company that collects and packages rental data for property managers and landlords. The lawsuit claims that RealPage is involved in price-fixing, conspiring with landlords to increase rents unfairly. While RealPage services only about 7% of apartments nationwide, in certain markets, its influence and data may encompass a much larger portion, reaching up to 50%. This raises concerns about its ability to exert significant control over rental prices, especially when landlords utilize its algorithms for setting rents.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode