Think occupancy rates, renewal rate at what average increase, average credit ratings, average income, ancillary charges etc...all the things one could feed into a price fixing algorithm to determine if a certain occupancy rate at a certain rent rate with average tack on total of X will yield highet ROI for all combined, ie price fixing to set the rate instead of the market setting the rate. If they could do it jsut as good independently, why are they paying for the service?
this is incorrect. one of the articles specifically quoted an apartment manager who refused to use the system out of fear of being charged with price fixing. as I understand it, they marketed their service on being able to make recommendations based on shared client knowledge. their position is that it isn't price fixing. it makes no legal sense to me what they opine but I'm not a lawyer.
That’s insanity if they marketed it that way. I’m shocked the software wasn’t caught by regulators earlier if they were that aggressive.
did you notice the date of the OP Oct 2022. these are just amended charges naming co-defendents and being joined by two other state AG's
