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#5 | Posted by sitzkrieg at 2025-01-09 08:19 AM
If you get that number direct from a consultant companies API, it's algorithmic.
If a human consultant looks at a spreadsheet using the same formula and tells you a number, it's not algorithmic.
Oh, horrors, "algorithmic" spreadsheet automation! If government has the problem with "algorithms," what are government lawyers going to do about "AI"?
As I've said before, there is nothing here that cannot be done using data from Zillow, Redfin or many other public, private, corporate and other sources and basic spreadsheet. How do people "in the wild," without PMCs, compare housing / rental prices?
RealPage, and their numerous competitors, simply provide automated service (and related services, like tenant screening, billing, etc.) for something any landlord can already do by using Zillow or Redfin, Apartments.com, Homes.com, etc. and using average $/sqft, average rent prices in given area ('premium' / 'discount') and basic spreadsheet formulas.
This is yet another Elizabeth Warren's "stupid populist consumer protection trick" which is going to "protect" no one, but burnish her "cred" with financial/economic illiterates, and blame poor government policies and decisions on "gouging" and "greedy" corporations.
Let's hear the rest of the story, from the sane, non-political, market side:
www.ajc.com - Cortland settles with DOJ in RealPage rental price-fixing probe - AJC, 2025-01-08
|------- "In December, RealPage said the antitrust division told the company it had ended the criminal probe.
Cortland spokeswoman Rachel Prude confirmed in an email Tuesday that the company's employees were no longer under investigation.
"We believe we were only able to achieve this result because Cortland has invested years and significant internal resources into developing a proprietary revenue management software tool that does not rely on data from external, non-public sources," Prude wrote. "We look forward to putting the federal government's investigations behind us."
RealPage said it will "vigorously" defend against the claims.
"We are disappointed that the DOJ, just one month after abandoning its baseless criminal investigation and less than two weeks before the agency changes hands, is expanding its civil lawsuit related to use of revenue management software," RealPage said.
"Fewer than 10% of all rental housing units in the U.S. use RealPage software to suggest rental prices, and our software recommendations are accepted less than half the time, as the DOJ has acknowledged." ...
"This lawsuit will do nothing to make housing more affordable..."
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www.skadden.com - Scadden Arps:
|------- Courts are not required to accept the DOJ and FTC's arguments " and the courts that have considered them so far have not...
The use of algorithms to access and analyze vast amounts of information about market conditions, including competitor pricing, may in fact be profoundly pro-competitive, facilitating more informed, competitive pricing that better reflects supply and demand in the marketplace...
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this is why people hate lawyers.
Yep! And to "amend the complaint," this is why people hate politics and government [lawyers], who can bankrupt or force them into stupid "settlements," unless they are big enough to fight. That's why companies merge, buy out competitors - "go big or go home [bankrupt]".
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Donald Trump has issued an executive order that represents a direct assault on section 1 of the 14th amendment.
Ivana Marie Zelnichkova Trump - married to Donald from 1977 to 1990, US citizenship in 1988
Donald Jr - born in 1977
Ivana Marie / "Ivanka" - born in 1981
Eric - born in 1984
Melanija Knavs / Melania Knauss Trump - married to Donald since 2005, US citizenship on July 28, 2006, first naturalized citizen to become first lady.
Barron William Trump - born March 20, 2006
[After receiving U.S. citizenship] Melania sponsored her parents using the "chain migration" immigration process that her husband later repeatedly criticized. Melania and Barron maintain dual citizenship, both in the United States and Slovenia.
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