American Cartelism

#1
Rasputin_Vol

Rasputin_Vol

"Slava Ukraina"
Joined
Aug 14, 2007
Messages
72,056
Likes
39,847
#1
Will anyone go to jail or will they just get a slap on the wrist fine?

Lawsuit: Tennessee company, others formed cartel to keep American rent prices high

In a nutshell, the suit claims companies had "mutual assurances" they wouldn't undercut each other by using RealPage's algorithm, agreed to give RealPage their lease data, and follow RealPage's recommendations to create a monopoly. "In plain terms, RealPage concedes that its coordinated algorithmic pricing allows Lessors to obtain the same results as a single seller or monopolist-an outcome Lessors “would not otherwise be able to achieve” without RealPage’s pricing and assurances of Lessors’ discipline to that pricing," the suit states.
Click to expand...
 
  • Like
Reactions: NCFisher
#2
#2
Interesting, sent it to my wife. I'll see what she says about it if she doesn't already know.
 
  • Like
Reactions: LittleVol
#4
#4
Rasputin_Vol said:
Will anyone go to jail or will they just get a slap on the wrist fine?

Lawsuit: Tennessee company, others formed cartel to keep American rent prices high
Click to expand...

Our friend is a real estate veteran. More than 7 of 10 homes in the Charlotte region are being bought by capital firms, who slap paint on and dramatically increase rent prices and thus push prices upward in entire neighborhoods, then regions.

Someone might convince me it's coincidence that dovetails with Biden/Democrat's desire to urbanize suburbs and see far fewer single-family dwellings and more high-density (green) housing, but I don't think so.

Edit: this is also occurring in high-density housing.
 
Last edited:
  • Like
Reactions: norrislakevol, StarRaider, Orangeburst and 1 other person
#5
#5
Wife says most and even the biggest fee management company in the country uses that system. They used it at her previous job (so it's been around for awhile), if you went off script and offered rents lower you'd get nasty grams fired at you from above.
 
  • Like
Reactions: davethevol, norrislakevol, Vol8188 and 2 others
#8
#8
NCFisher said:
Our friend is a real estate veteran. More than 7 of 10 homes in the Charlotte region are being bought by capital firms, who slap paint on and dramatically increase rent prices and thus push prices upward in entire neighborhoods, then regions.

Someone might convince me it's coincidence that dovetails with Biden/Democrat's desire to urbanize suburbs and see far fewer single-family dwellings and more high-density (green) housing, but I don't think so.
Click to expand...

Apparently georgia is one of the states that has the most property and house bought by corporations In America. Im not sure what they use it for.
 
#9
#9
NCFisher said:
Our friend is a real estate veteran. More than 7 of 10 homes in the Charlotte region are being bought by capital firms, who slap paint on and dramatically increase rent prices and thus push prices upward in entire neighborhoods, then regions.

Someone might convince me it's coincidence that dovetails with Biden/Democrat's desire to urbanize suburbs and see far fewer single-family dwellings and more high-density (green) housing, but I don't think so.
Click to expand...

Yeah, that would not be surprise. They'll make every neighborhood a ghetto in the name of equity. Except their neighborhoods of course
 
  • Like
Reactions: norrislakevol, tbwhhs and NCFisher
#10
#10
scooty_vol said:
Yeah, that would not be surprise. They'll make every neighborhood a ghetto in the name of equity. Except their neighborhoods of course
Click to expand...

That reminds of my brother and I talking about the increasing cooperation between industry (capital) and leftist governance (anti-market); he asked why would capitalist entities go along with that?

Because corporatism - fascism that is itself a model of socialism - will do what is necessary to maintain their place at the table and eliminate competition. I maintain that none of the regimes we refer to as communist have ever been communist; Marx/Engel's communism is a stateless, anarchic society, and socialism expressed as the transition stage between capitalism and communism. These regimes were and are socialist. The fascist variant - an infinitely more practical model - eschews silly universalist notions and the idea of re-inventing the industrial wheel, by allowing industry to remain in the hands of those who know how to run it and bending them to the will and purposes of the regime as necessary. They view themselves as the future technocratic elite who'll be secure with whatever shite form of government emerges.

And they're right, at least for a time. I think 'equity' is just a PR term for the bolsheviks to rally under that means nothing to those who mean to rule.
 
Last edited:
  • Like
Reactions: Orangeburst
#11
#11
NCFisher said:
That reminds of my brother and I talking about the increasingly cooperation between industry (capital) and leftist governance (anti-market); he asked why would capitalist entities go along with that?

Because corporatism - fascism that is itself a model of socialism - will do what is necessary to maintain their place at the table and eliminate competition. II maintain that none of the regimes we refer to as communist have ever been communist; Marx/Engel's communism is a stateless, anarchic society. These regimes were and are socialist. The fascist variant - an infinitely more practical model - eschews silly universalist notions and the idea of re-inventing the industrial wheel, by allowing industry to remain in the hands of those who know how to run it and bending them to the will and purposes of the regime as necessary. They view themselves as the future technocratic elite who'll be secure with whatever shite form of government emerges.

And they're right, at least for a time.
Click to expand...

ie..CCP Model?
 
  • Like
Reactions: NCFisher
#12
#12
I’m not seeing an issue with using an algorithm to determine pricing.
 
#20
#20
hog88 said:
It's there.
Click to expand...

I’m just not seeing this as a big deal. For example when I go to increase the lot rent for 2024 I’ll call other parks in the area and see what their lot rent is. That’s my biggest determining factor in setting my rents.

If x number of property management companies agree to inflate prices, they’ll have to deal with the competition from mom and pops, tenants deciding to own, mobile home parks, and on the lowest end long term hotels.
 
#21
#21
LouderVol said:
in the rental apartment/home world? Not in any where close of enough numbers to dent the market.
Click to expand...

According to this the numbers are pretty high. Can’t claim I’ve ever looked too hard into the data. But on top of that you have people who will be pressured into buying due to increased rent, mobile home parks, long term hotels, and increasing in multigenerational housing (moving in with mom) to help correct the market.

Landlord Statistics [2023]: Population, Income & Demographics
 
#22
#22
Vol8188 said:
I’m just not seeing this as a big deal. For example when I go to increase the lot rent for 2024 I’ll call other parks in the area and see what their lot rent is. That’s my biggest determining factor in setting my rents.

If x number of property management companies agree to inflate prices, they’ll have to deal with the competition from mom and pops, tenants deciding to own, mobile home parks, and on the lowest end long term hotels.
Click to expand...

Except that the 3rd party management companies using this system probably control 85-90% of all apartment units in the country.
 
  • Like
Reactions: Rasputin_Vol
#23
#23
hog88 said:
Except that the 3rd party management companies using this system probably control 85-90% of all apartment units in the country.
Click to expand...

Can you find me data on that? I’m not married to my views on this topic, because if I’m 100% honest the time I’ve devoted to thinking through the impact of collusion on the housing market is limited.
 
#25
#25
New posts
You must log in or register to reply here.

VN Store



Back
Top