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Pricing Software Adds Billions To Rental Costs, White House Says
Renters in the U.S. spent an extra $3.8 billion last year because of pricing algorithms used by landlords, according to an analysis from White House Council of Economic Advisers. Axios reports: The report puts some hard numbers to accusations that have piled up against RealPage, a company that makes...
Renters in the U.S. spent an extra $3.8 billion last year because of pricing algorithms used by landlords, according to an analysis from White House Council of Economic Advisers. Axios reports: The report puts some hard numbers to accusations that have piled up against RealPage, a company that makes software that helps big landlords and property managers set prices. In August, the Department of Justice filed an antitrust suit against the company, alleging its pricing algorithm allows landlords to collectively push rents higher.
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