AI is a plaque upon housing in America.
  • Ebby@lemmy.ssba.comEnglish
    32·
    19 days ago

    AI is a plaque upon housing in America.

    facepalm.jpg

    It’s the first thing after the title. At least it wasn’t an AI article I suppose.

  • rc__buggy@sh.itjust.worksEnglish
    301·
    19 days ago

    1/4 of California state lawmakers are landlords. If a user of this software doesn’t want to charge as much as the algorithm says, it gets escalated and RealPage tries to sell them on the price.

    • sugar_in_your_tea@sh.itjust.worksEnglish
      4·
      18 days ago

      Yeah, it’s pretty similar where I’m at too. Unfortunately, the nature of being a legislator means you can only become one if you don’t need to work a regular job. And landlording is certainly one of those jobs that gives you free time to campaign and work as a legislator.

  • leanleft@lemmy.mlEnglish
    14·
    19 days ago

    capitalism is not very competive and therefore, price-fixing between small group of large players, is almost inevitable outcome.

    • realitista@lemm.eeOPEnglish
      4·
      19 days ago

      Yea but this is a situation in which price fixing would be nearly impossible without the intermediary, due to the large number of participants. And price fixing is still illegal.

      • thejml@lemm.eeEnglish
        1·
        19 days ago

        You don’t need price fixing for any industry to go this direction. Take the gas station idea. You’ve got a corner with 4 gas stations. Each one can see the traffic the other ones get and can easily see how much they charge. All it takes is them saying “well, people are still buying gas at that station for $X more than mine, so I’ll charge that as well. And soon they’re all skyrocketing to whatever the consumers can afford.

        Calling a group put on Price Fixing requires proving they colluded together to do so, but that’s not required in this scenario. Every landlord can see how much other rents are and if they can make more money and keep their renters or get new ones, they will push that limit. And honestly if they can raise it enough to cover some vacancies they’ll do that, charging 30% more but having 10% empty is still a net 20% in their pockets.

  • sunzu2@thebrainbin.org
    131·
    19 days ago

    They have been using algos to fix rent since at least mid 2010s.

    Same thing with other industries. When they have all the data they able to extract the exact amount.

    Limp dick goverment is enabling this.

    In essence we are getting gang banged by landlords while the government is watching in the corner while jerking off.

    These parasites have no fear… Maybe now they got lil. Dead ceo is a pretty strong message