207. Rent High? Blame Bob

Published: Nov. 11, 2022, 1:57 a.m.

b'We discuss a recent investigation by ProPublica into the convergence of real estate, private equity, and algorithmic pricing as they profile a particularly odious company (RealPage) that is selling a technology (YieldStar) to property management companies, which directly leading to severe upward pressures on rental pricing and vacancy rates. Troubled by real estate companies extracting higher margins out of renters in a tight market in ways that raise red flags of collusion? Well, just blame a guy named Bob.\\n\\nStuff we reference:\\n\\u2022\\u2022\\u2022 Rent Going Up? One Company\\u2019s Algorithm Could Be Why. https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent\\n\\u2022\\u2022\\u2022 Senator Seeks Antitrust Review of Apartment Price-Setting Software https://www.propublica.org/article/yieldstar-rent-increase-senate-antitrust-apartment\\n\\u2022\\u2022\\u2022 Company That Makes Rent-Setting Software for Apartments Accused of Collusion, Lawsuit Says https://www.propublica.org/article/realpage-accused-of-collusion-in-new-lawsuit\\n\\u2022\\u2022\\u2022 RealPage Accused Of Price-Fixing In Student Housing Market https://www.law360.com/real-estate-authority/articles/1546168/realpage-accused-of-price-fixing-in-student-housing-market\\n\\u2022\\u2022\\u2022 JP Morgan Wants to Make Tenant Data Available to Every Landlord https://www.vice.com/en/article/k7bkyn/jp-morgan-wants-to-make-tenant-data-available-to-every-landlord\\n\\nSubscribe to hear more analysis and commentary in our premium episodes every week! https://www.patreon.com/thismachinekills \\n\\nGrab TMK gear: https://www.bonfire.com/store/this-machine-kills-podcast/ \\n\\nHosted by Jathan Sadowski (www.twitter.com/jathansadowski) and Edward Ongweso Jr. (www.twitter.com/bigblackjacobin). Production / Music by Jereme Brown (www.twitter.com/braunestahl)'