It’s amazing your confidence when it sounds like you don’t even participate in the top N landlord space for a given market.
IIRC it has already been demonstrated that RealPage had the lion shares of the total units in certain markets.
The question is not about rent predictions but having asymmetric information that allows users of the site to effectively participate as a cartel. I am a big proponent of free markets but I think this is a worthy question to answer. When your algorithm controls more than 50% of pricing in a market does that count as collusion and how do you handle it. It seems like it might effectively eliminate the market price as you the dominant player are setting it.
It might get thrown out but I believe it’s naive and brash to just dismiss it so easily.
I'm glad these questions are being raised and bringing more awareness. I always suspected there was something that was going on to artificially raise rent prices. It sounds like collusion to me.
IIRC it has already been demonstrated that RealPage had the lion shares of the total units in certain markets.
The question is not about rent predictions but having asymmetric information that allows users of the site to effectively participate as a cartel. I am a big proponent of free markets but I think this is a worthy question to answer. When your algorithm controls more than 50% of pricing in a market does that count as collusion and how do you handle it. It seems like it might effectively eliminate the market price as you the dominant player are setting it.
It might get thrown out but I believe it’s naive and brash to just dismiss it so easily.