San Francisco has banned RealPage, a software company that computer-generates recommended rents for landlord clients in what some are calling a price-fixing scheme. It’s a step toward curbing rent-raising collusion between landlords.
Although, like economic figures, this tends to be concentrated. It would not surprise me if a hundred of those clients were managing 20k or more units apiece.
In case anyone is still wondering why housing is fucked, this is it right here. That’s an average of over 600 rental units per landlord.
People renting out their old house for a small profit are not the issue. Like a lot of things, it really only breaks once corporations get involved.
Yep and it just compounds. The money they make they buy more houses driving prices up so they make more.
Although, like economic figures, this tends to be concentrated. It would not surprise me if a hundred of those clients were managing 20k or more units apiece.