One company’s software is driving up rent, according to a federal lawsuit

RealPage, a property management software company, uses a trove of data to suggest rental prices to landlords. The software has been widely adopted by property managers - and is now facing strenuous legal pushback.
Over the past three years, the company has been sued by the federal government, which alleged in August that it unlawfully decreases competition among landlords; by several individuals; and by the governments of Arizona and D.C., which have accused RealPage and dozens of property management companies of colluding to raise prices.
To assess how widespread use of RealPage’s rent software may be, The Post identified 3.1 million market-rate rental units managed by companies named in the lawsuits. That analysis found 10 counties where more than 1 in 3 multifamily units are managed by a property company allegedly using a rent-setting program from RealPage.
Caption from article by Alyssa Fowers, Szu Yu Chen, Steven Rich and Rachel Lerman.

[@diffkopf]

"We will be renaming new Mexico to No Mexico" type of move

[@KeganKirby]

"People are excited about changing new Mexico to F U Mexico, lots of people."

[@crazysteve2884]

yeah. gulf of america is really stupid, we should just keep it as gulf of mexico

[@Crafty_Restorations]

@@KeganKirbynice opinion! Glad we can all have opinions

[@ArminiusGroß]

Honestly, that phrase sounds kind of nice, philosophically.

[@darth_revan1017]

Won’t be a border crisis if there is no border to begin with.

[@DoesNotConcernYou]

Has ANYONE in human history ever got a knock on the door or letter in the mail with someone telling you your rent has gone down ?

[@mariusfacktor3597]

Rent prices went down 9% in Austin over the last two years. And yes some people got messages from their landlords knocking a couple hundred dollars off come renewal. It has nothing to do with RealPage. Austin has built a huge amount of homes in the last 3 years which has brought prices down.

[@akpokemon]

Right??? Like ANYONE would EVER follow their advice to LOWER prices...🙄

[@mcjavabelike8320]

occasionally when a government forces the landlord to do so, but i am not aware of any landlord voluntarily reducing rent

[@spencerlively3049]

the _idea_ is that tenants would move to a new property with lower, more competitive rent. Since this costs landlords money (to find a new tenant, and missing rent payments in the interim), they *should* have an incentive to keep their rents low so that 1) they fill vacancies faster and 2) tenants don't move for cheaper apartments. The issue is that's just not how it works in _reality_. Housing & rental markets are absolutely NOT perfectly competitive markets for MANY reasons. It's not like a single landlord trying to lease a dilapidated studio apartment for $3000/mo in rural West Virginia is causing the problem here. They just won't find any tenants. The problem is that the market forces such as this company allow ALL landlords to charge higher rents, leaving tenants nowhere else to go without leaving their families, friends, schools, jobs to move somewhere else. This company is basically like the owners of every gas station in a remote town collectively raising their prices because their consumers HAVE to purchase gas from one of them. This is a textbook example of a market failure in action and the reason why regulation is necessary.

[@KazzoKiller3890]

The biggest thing about housing costing so much is that many are holding property as one of the safest locations to store investment during high inflation periods, which we were going through not to long ago.

[@the_stewbear]

This is supposed to be the best time ever to be alive as a human, but there’s about 500 people intent on ruining it

[@mcjavabelike8320]

closer to 2500(# of billionaires) but yeah

[@moonshine6304]

​@mcjavabelike8320 How many round an AR-15 can fire per minute again?

[@Compycryo]

​@@moonshine6304 We far outnumber the billionaires, so does fire rate really matter? The bigger issue is recruitment

[@yuvalne]

case and point

[@fletcherenfield9474]

That's a manageable number, just saying.

[@spahgetti96]

left austin for college in 2020, came back in 2023 and average rent for a one bedroom went up by $800,, if you qualify for ‘low income’ housing…

[@AL5520]

From what I've heard Austin is one of the few places that rent is currently going down.

[@TheInfintyithGoofball]

🙄

[@AL5520]

@@TheInfintyithGoofball I'm watching a podcast called Transit Tangents by two guys from Austin and they, expert they talk to and actual data shows average rent in Austin significantly going down. this is recent so maybe in 2023 it was still high but it appears this is currently the case or maybe it's not in all the areas.

[@MakingASammich]

Right. 2020-2023 showed large increases in housing prices in Austin, but they’ve been going down since 2024.

[@adams3560]

@@AL5520So the prices are slowly going down after there was a large increase in prices. Sounds like one step forward, two steps back.

[@stevec.9037]

This isn't "price adjustment for supply & demand", it's price gouging, plain & simple. There aren't complex market forces compelling landlords to raise the rent on a building they refuse to maintain, it's just blatant greed.

[@riasgremory7150]

100% when the average persons rent is over 50% of their income for a small apartment there’s a problem

[@StegoAqua]

Price Gouging? How about out right theft?

[@stevec.9037]

@@StegoAqua is there a difference? Two words for the same shit

[@TessHKM]

They're the same thing. "Market forces" are nothing more than an abstract term for the patterns we perceive in the aggregation of an entire population's greed. Terms like "price adjustment" and "price gouging" are just academic vs. moralistic terms for the same phenomenon.

[@Anngrl69]

I would say it’s more like collusion, because Realpage is advising a large percentage of housing markets to charge more (when have they ever advised to charge less?) because if enough landlords increase the price of their rentals than the market rate will overall go up and net all property owners (even the ones Realpage did not work with) larger incomes. All at the expense of tenants who can barely afford rent anymore.

[@TheBlasphemite]

"Gulf of America" I'd like to see them try to give it recognition.

[@prettyboyjeremy]

I still say The American Gulf like the Persian gulf is a better name.

[@NoahLange337]

The North American Gulf honestly sounds kinda good, but you can’t just change names every time a new leader comes into powet

[@Mag3.1415]

Name changes don’t really work if no one actually calls it by the new name. (Like the Sears Tower or Twitter for example)

[@Jimmy_carters_ghost]

​@@Mag3.1415trump supporters will call it the Gulf of American . It will basically have two names in common usage and whichever name you use will identify your political affiliation. It's just another tool for division.

[@Rudnaz_127]

Honestly, if other country governments still call it the Gulf of Mexico, I won't be surprised if he threatens to raise tariffs on them.

[@coockabura8685]

I started working in property management and this is ENTIRELY TRUE! We tell residents the market is changing. But it's changing because of rules they came up with!!

[@harveylong5878]

our complex rent gets jacked 3 - 5% when owners dont make over $3 million in a year. pisspoor excuses such as 'upgraded' exterior lighting ala uplighting 'specimen' trees, including fire extinguishers in units (which fire marshal and insurance company forced them to do)

[@Kinma15]

My whole life so far rent has only increased so imma call bullshit on it ever decreasing

[@Crafty_Restorations]

You are welcome to! Lots of opinions here

[@Kinma15]

@Crafty_Restorations nah just keeping track of obvious statistics. But hey if you wanna say it's an opinion bring out the evidence

[@Crafty_Restorations]

@ it is an opinion you have. There is statistics showing that it’s going down. Also before you try saying that what they said was wrong, you should provide some actual evidence instead of “what I’ve seen”. Also just saying statistics doesn’t make you right. Jesus it’s like talking to a 4 year old with you kind of people.

[@Kinma15]

@@Crafty_Restorations your the challenger fool prove something or move on

[@Crafty_Restorations]

@ if you make a claim, bring actual evidence to it. Baseless claims are that. Baseless. Thanks for trying though! I can tell you did your best

[@Mehp2]

And yet people wonder why GenZ is complaining about not having any money

[@TimeFadesMemoryLasts]

YoUnG PeoPlE JusT dOn'T wAnT To WoRk AnYmOrE aNd ArE BaD wItH MoNeY

[@jacobbridges4332]

​@@TimeFadesMemoryLastsand who's fault is that for not teaching them also 10 dollars for a 2 gallon of milk doesn't help

[@TimeFadesMemoryLasts]

@@jacobbridges4332 I think you didn't understand the irony in my comment. Don't you know the spongebob meme with big and small letters?

[@prettyboyjeremy]

​@TimeFadesMemoryLasts Yeah because it's so easy to be responsible with literal price fixing around

[@riasgremory7150]

@@prettyboyjeremyhe was being sarcastic

[@ericaschner3283]

I sent an inquiry to the Texas AG about this exact same company back in 2011. They were managing three different apartments I was looking at in Austin which were all suspiciously above market price and nearly identical to each other. Moreover the software charged more the longer you planned ahead. Never received anything back.

[@adams3560]

That’s because the system is working as intended.

[@corokossa]

He's probably getting paid off by them, he's more interested in being a nuisance.

[@frankkiejo5560]

Of course not. You’re not a company or a 1%er. You’re just a pesky citizen. Ew. /s

[@andreabonacossa8709]

"The gulf of Oligarchs" For a chill vacation with friends...

[@CatBarron]

Hey, people want these changes. That's why they voted that way. Imagine being the largest country in the world! Russia we comin for you. (sarcasm)

[@Crafty_Restorations]

@@CatBarronpeople didn’t want these changes. They voted for him but most people don’t support all of his ideas. It doesn’t come hand in hand

[@henryackerson7138]

"Oligulf Coast"

[@BlueSoulGamer]

⁠@@Crafty_Restorations yeah your right I mean, I voted for Trump and like a couple of his policies, but I really only like him relative to Kamala. If the dems put forward a proper candidate I wouldn’t have even considered Trump honestly. It’s a shame since the dems had plenty of options that would have blown Trump out of the waters but they need to work on their decision making clearly.

[@Crafty_Restorations]

@ honestly I would have gone with Harris. I genuinely don’t like Trump. Don’t get me wrong I still think Harris wouldn’t have been a great one. I just want less stress in my life. I also fully agree that they had such a good opportunity to push a way better candidate. There were so many good options. But it’s done for now. I just hope it doesn’t backfire on us and I hope it’s just not as stressful as usual

[@simo3873]

Hard to believe this is our stupid, stupid reality.

[@adams3560]

We really ended up in one of the worst timelines. Basically everything went to hell after Trump was first elected.

[@NoIdea1492]

​@adams3560 calm down.

[@Macintoshiba]

​@NoIdea1492 I mean he's got a point. 2016 was both Trump's first election and Harambe's death. It's seemingly been all downhill from there, whether those two were involved or not

[@DrippyPootis]

@@Macintoshiba Trump killed Harambe confirmed?!?! lol I remember before 2016 you rarely heard about anything going on in the capital, now its all we hear about.

[@Mrwizard-ck7oe]

We got the cyberpunk corpo dystopia without the cyberpunk

[@Valkyrie0713.]

I live in one of the places dealing with awful rent inflation. I strongly advise talking to your leasing office. When they tried to increase my rent while conditions around my complex were worsening and tenants were moving out left and right I went and talked to them and got my rent decreased by $300/mo by comparing the rent of other units in my building and what they were going for. For units without cost listed I had a friend call to inquire. When I laid out all the facts before them they made me an offer. I countered. We settled in between and now my rent is cheaper than it even was before the increase.

[@hugofontes5708]

Damn, this needs to be spread asap

[@robastergaming6074]

making peoples lives objectively worse for profit is evil

[@anon6799]

sorry, that's how markets work, and apartments aren't charities. the solution is more housing. pass a rent control cap and see what happens.

[@matthewvollmer2066]

Welcome to capitalism, where helping others is frowned upon

[@24601st]

where is mario

[@themaninabucket8365]

@@anon6799There are currently 16 million houses just sitting empty, according to the United Way NCA. But sure, building more housing cant hurt. So long as they arent intentionally left vacant, that is.

[@Deathnom]

​@anon6799 not true in the slightest. We have enough vacant homes to completely house every single person in America. The issue is rent is far too high for people to afford it. Look at the actual statistics for it.

[@jinnipers.3931]

my landlord raising my rent by $200 a month even though he hasnt put any of the over $120,000 ive given him into the house 💙 what a sc- legend. what a legend

[@FellowLee]

+

[@lisahenry20]

With how much you've already paid, that house should be at least partly owned by you.

[@spacespector]

Billionaire Wall Street Investment groups bought 1 out of every 3 new houses last year just to rent them. It’s a major reason rent doubled

[@theBear89451]

false

[@teebob21]

Not true. Cite your source.

[@akulkis]

Black Rock, Inc. and Carlisle Group

[@lordzaboem]

I will believe that corporations bought 1 in 3, but I doubt it's just Wallstreet corpos. North American homes are very popular investment properties for oversea investors. They've been driving up home prices in Canada for decades, and they are perfectly content to not rent the houses and just sit on them as the property values go up and up.

[@npip99]

Buying houses just to rent them causes rent to go down, not up. Read an economics book. To make rent cheaper you need to build more housing. Build more. There are empty ghost cities in China, how much do they rent for? $0, because there are more apartments than there are people who want to live there. If you build enough housing that landlords struggle to find someone to lease it to, housing costs will plummet.

[@Hug_the_Bunny]

I don’t know how anyone can take him seriously. Gulf of America is as ridiculous as the United States of the Earth would have been.

[@clapclapscream]

How? It’s directly between the Americas…

[@Hug_the_Bunny]

@ It’s because it is doing it very egotistically, and does not need to be changed.

[@TheNinthGeneration1]

@@clapclapscream it’s already called the Gulf of Mexico, why rename it?

[@S4v4gedragon1]

@@clapclapscreamwell it’s been called “Gulf of Mexico” since 1540s soooooo

[@riasgremory7150]

@Hug_the_BunnyI’m pretty sure it was a joke 😂

[@Lakeside_Flower]

It’s becoming increasingly difficult to look forward to anything ever again.

[@gandoystuffs]

Using monopoly for this story is genius

[@echo_eco_ethos]

"rent decrease" ? can you please translate that into english? it's not a familiar term since it's literally never happened so

[@MustraOrdo]

"Those words. Is it possible to use them in a sentence like that?"🧽🤓👇📖

[@RaideDuku]

I recognize the individual words, just not the arrangement they are in. It's like "hamburger moon", or "Honest CEO"

[@NinjaTyler]

Supposedly its true for at least Austin Texas according to other comments here.

[@SyphistPrime]

​@@RaideDukuwhat about "altruistic politician", or "good cop"? I think both are wonderful examples of made up things to say.

[@Mocsk]

When you do a Detroit, for new people moving in for some reason the rent will decrease compared to yours. I think that’s what it means.

[@papawheely4137]

The more they charge, the less competition they have for single family homes. Let's not pretend it isn't deliberate. We are witnessing the abolition of private property for the average person.

[@alexevans1183]

Who is “they”?

[@brandondembowski5545]

​@alexevans1183 the Giant companies being sued, including Greystar, Blackrock, and realpage. That's the they.

[@LemonMooseTheMan]

The oligarchs and technocrats that just bought our government. ​@@alexevans1183

[@papawheely4137]

@alexevans1183 Corporate landlords. Figured that'd be obvious given the context. They have every economic incentive in the world to make private home ownership impossible. Not just them. Look at auto manufacturers testing the waters to try and make basic features part of a subscription model. Cell phones already barely belong to the owners. There is absolutely no reason for them to stop this behavior, barring government regulation, because the fact is that the free market incentivizes it.

[@MakeSureYouCleanUp]

That phrase " You will own nothing and be happy " continues to ring true every year.

[@Usopper.D]

The gulf was named before the USA was even a country

[@pushyrummble8625]

So? People change the names of many things, the Gulf better be one of them.

[@ChannelOfStalin]

Russia used to be the Soviet Union; it's not called that anymore because times have changed. Your point doesn't stand.

[@Usopper.D]

@@pushyrummble8625 lol, that’s cute

[@Usopper.D]

@@ChannelOfStalin ha

[@omegaroleplayer1022]

who cares? it should be called gulf of america because AMERICA IS #1 USA USA USA! TRUMP

[@bobbobert9379]

We learned about this company is my computer ethics class. Landlords are NOT ALLOWED to collude to raise prices, but they are and have effectively been doing so implicitly by following the recommendation of this companies algorithm.

[@Hidden_Seeker_]

Exact same thing businesses do with consulting firms like McKinsey. Apparently cartels are ok if they act through an intermediary

[@SageStar2]

A serious issue lightened with a hilarious joke 😂

[@Jimmy_carters_ghost]

It's not hilarious it's scary.

[@John.Doe42069]

$2,300 for a single bedroom apartment is just beyond me. All of the major US cities seem to go that route. No wonder America faces so much homelessness and the downfall of the middle class. How can you even survive, if your 2-3 jobs take up 16 hours of every day you live? But sure, everything will be fine, once Greenland is a part of the USA.

[@Traci_Websinger]

And Canada.

[@NinjaTyler]

What's truly ironic is if trump got his way snd canada and greenland became states... republicans would basically never win again due how much more progressive their voters tend to be. 😂

[@KB-fk3jj]

If it becomes another state it'll suffer the same corrupt marketing. I'd rather the country didn't grow anymore. Would move out if I could

[@Frank-ch8px]

Come to Los Angeles, particularly Venice, Santa Monica, or any place near a body of water. And you’ll be in a shared home with 4 other weirdos.

[@grottlesgrotto6152]

A company unwilling to admit that they’ve been telling everyone to increase prices cause the other people they advise were told to raise prices is a new level of stupid

[@zaccoop6727]

.... aka preventing the free market... supply and demand... and prevents rentals from being filled... keeping some empty purposely.

[@therealnoofle5330]

Actually, this **is** the free market and why it sucks when providing necessities like housing

[@LJCG777]

Yeah the free market always ends with people manipulating the market to just make more money. Remember during covid when people stopped buying so much food because many lost partially or most of their job security? And remember how sellers didn't lower the price to what people could afford and instead farms destroyed their own products to mark them as tax deductible losses? Pepperidge farm remembers.

[@ratofthecity6351]

cooperation amongst the wealthy elite creating artificial scarcity to raise the prices of the most basic necessities so that people must slave away for just the right to live is the thesis of capitalism. there can never be a "free market" as long as there are people with more power, influence, and capital than others.

[@Nathouuuutheone]

That IS the free market. The free market is inherenly inhumane and destructive and exploitative and evil. Do not worship submission to inequality, do not worship the idea that greed somehow leads to qual opportunity.

[@LJCG777]

youtube deleted my reply again, yipeeee

[@theduke7539]

I hear ya donny, but uh, its been like 17 years and people still refuse to call it the willis tower, its still the sears tower to everyone in chicago. My brother was born after they renamed it and he calls it the sears tower. He doesn't know who sears was.

[@HalterWalter4]

Sears tower for the win

[@KevsDoYouTube]

"the wall too expensive so I decleare Mexico is just ours now"

[@robotrocket1]

No more immigrants! They're all American citizens now!

[@thelandongang3444]

Lol

[@kalebwieland4938]

This is why 2025 may have a booming population in the rural slums here pretty soon.

[@moonshine6304]

You guys are seeing the birth of emergency villas like we have here in Argentina, or Brazilian Favelas

[@hugofontes5708]

​@@moonshine6304it is getting pretty familiar

[@rfldss89]

People gobbling up claims of landlords just "raising prices according to supply and demand" on a product with inflexible demand is the reason why the world is going down. How have we come to the point where we're actually arguing whether people should be allowed to live or not simply based on their income? Because that's what homelessness is for many people, a death sentence.

[@adams3560]

True, the mortality rates among homeless people are not pretty.

[@Yurt_enthusiast7]

Americans are brainwashed to believe that they live in a free market society when they're actually in a oligarchy

[@techpriest6962]

Anyone who has dealt with the Homeless can tell you in 90% of cases it is due to the choices the person continues to make. Nothing you do for a person will help if they will not help themselves.

[@robertmartin6800]

Housing demand is not inflexible, there’s a record shortage of it, and our population is growing rapidly.

[@rojastegulu]

How is changing the name of a geographical landmark helping the housing crisis or national debt or the opioids crisis ☹️ what a joke

[@Sh3rrr]

About the overdose deaths, I've read an overview of what democrats worked on on the whitehouse site /therecord and "Thanks to increased funding and resources, overdose deaths decreased by 10% year-over-year in the 12 months ending April 2024. This is the biggest decrease in overdose deaths on record. The Biden-Harris Administration has taken critical steps to make this possible,"

[@thatonedude932]

@@rojastegulu because they don't care about that, anything that distracts their voters from real problems is beneficial to them

[@moncefbahari4174]

Damn, hope a vigilante doesn't see this video

[@mallarieanderson6439]

Fr. Prayers to Dana Jones and other board members

[@groerhahn225]

Luigi do it again.

[@techpriest6962]

Vigilante's don't solve anything. One man can not change the world alone.

[@iconofthicc6086]

⁠@@techpriest6962 what about, like, two men? and an energy drink?

[@cipeman3498]

reminds me of the time that one book grew to an implausible price because two automatic pricing bots went to war over the only copy of the book. one bot was pricing the book a bit below average, and the other bot without actually owning the book was selling it for more with the intent that once purchased it will buy the only copy of the book to sell it at a profit. it led to exponential growth

[@sailorstarfairy1]

I've never heard of a rent "decreasing" 🙄

[@marcudemus]

Guess who gets to tell their landlord they priced me right into buying a house because of doing exactly this.

[@JamesBeaucoup]

Oh cool, so its basically a group of landlords engaged in price fixing! Why are we suing RealPage and not charging the properry managers for that?

[@Yellowredstone]

Lets see: no money top hire a lawyer, and can't hire one with the rent prices they're charging you lol. It's hard to sue with little evidence.

[@adams3560]

@@YellowredstoneThat’s basically the plan. Keep people poor, and legal fees high. The result is that it’s quite hard for the little guys to fight back.

[@Yellowredstone]

@@adams3560 I just want to note that Lawyers don't get paid by the hour, but yes it does suck that companies seems to lobby and do whatever they want while you can't even sue for absurd rent.

[@Traci_Websinger]

Because it seems to be RealPage that's instigating the alleged price fixing/gouging. The presumption is that rent prices would not be as likely to jump as high without it. It appears that RealPage is dictating rent prices. Now, it could happen without RealPage, but it would be much more difficult for landlords to meet and agree to these prices.

[@ErikratKhandnalie]

We need more people to just skip the suit altogether and deliver their justice directly, a la Luigi.

[@milokiss8276]

Trump heard "Golf" and decided he wanted it for himself...

[@Davi_Li]

I work in property management and we use this software and I hate it :( I don’t know what to do to help ppl that come in wanting to rent and they have these outrageous prices. I can’t quit because I’m paying off student loans and have benefits for the first time in my life. But good GOD I feel so guilty anytime I lease an apartment to someone

[@theBear89451]

One landlord using the software is legal and not a problem. The lawsuit is because when multiple landlords used the same software it is just like those landlords making an agreement among themselves on rental price.

[@adams3560]

@@theBear89451Yes. It’s basically a cartel.

[@adams3560]

It sucks. People are doing jobs that make them feel morally terrible, just to pay the bills. I hope you can find a better job where you can actually feel proud of your work in the near future.

[@Davi_Li]

@@theBear89451 that makes sense. I’ve watched rent prices change rather arbitrarily and people tell me that I’m pricing them out of their homes. I think I just hate that “market price” is such an enigma and I’m just expected to shill that these apartments are worth the price that’s set, when they actually aren’t.

[@Davi_Li]

@@adams3560 hey thanks man I really appreciate that. That’s the plan. 5.5k left on student loans and then I can strike out a different path. I have a BS from a private institution and I majored in biology, but most Jobs in bio don’t pay great. This is the first time since I graduated (2021) I’ve been able to make a living wage AND have benefits.

[@weirdtree8611]

Rent shouldn't be based on "supply and demand" because housing is a basic need. Like someone said it's more like price gouging

[@gabrielesilinic]

Wouldn't a software that suggests and hence likely sets most of the prices count as a cartel?

[@hugofontes5708]

Only if you disregard the technobabble and legal jumble

[@siukong]

Essentially, yes. Which is why so many of these lawsuits are going forward, despite the app owners' many attempts to cover their asses. It's bad enough when we see this type of behaviour without any organized control behind it (my go-to example for that would be how gas stations set their prices, which I already would probably consider a de facto cartel). It's entirely another matter when a centralized app/algorithm with little to no transparency is enabling landlords in a city/market to raise their prices across the board.

[@guinness5014]

Never heard of anyone exclaiming their rent decreased...

[@FMJIRISH]

May St Luigi bless these fine people

[@codycat1544]

I love your clips, and also resistant to starting thinking in the 2025 mind set, still wishing it was 2024.

[@micahself2283]

i went to my rental management people the other week about our options when our lease is up and they said they can’t say how much our renewal would be yet because they don’t know how much the increase will be. they said it should be about 3%. i asked to clarify that it is always an increase and they said it is 🙃

[@SilverSithWitch]

Having worked in the apartment industry in the 90s-00s, it was my job to "shop" comparable apartment communities to see what they were charging so we could increase our rents accordingly.

[@Capitain_Stix]

You can just rename a body of water? I hear by change the Pacific to Atlantic 2: Electric boogaloo

[@richardchristensen8031]

Gulf of America just makes no sense. And it sounds dumb.

[@adams3560]

The only gulf of America is the one between his ears.

[@ElKITENAUT]

I have a question. Dont landlords understand that they would get a more steady income if they just... Didn't charge an exorbitant amount and raise it even more? That way people just... Dont leave...?

[@harveylong5878]

heads in beds is the mentality. at least how our complex works. owners dont care if lease is only 3 - 6 months. short term leases the rent is ungodly high but the turnover in their minds equates more profit

[@iamlegion3093]

God I hate RealPage, two of my last landlords used it and during & post-covid dramatically drove up rent by over double

[@unfunnycesium]

so uh whos the ceo of this realpage thing? asking for a friend

[@lostmysteries6870]

Dana Jones

[@ErikratKhandnalie]

My friend Luigi

[@maybussell5099]

“We also advise rent decreases” Like that means anything 🤣🤣😂😭

[@mr.lakelake2728]

What a clown. Zero respect for the world as a whole

[@mazgaming2576]

Were Americans. We have respect for America first.

[@KING-O-SAURUSREX]

⁠@@mazgaming2576so does that mean we should change location names because WE want to? Even if it isn’t up to us? Or if it inconveniences everyone else? You can respect yourself without disrespecting everyone else in the process.

[@riasgremory7150]

@@KING-O-SAURUSREXyou do realize it was a joke right? Also changing the name of something is not this massive attack on everyone else 😂

[@dungeonmaster1609]

@@mazgaming2576 this is so much funnier because of that typo lmao

[@gracebellamy586]

@@riasgremory7150 How was it a joke? There was no indication. I would just like to note that - if the name is officially changed - that means that EVERY map and book and poster, etc. will have to be reprinted. This means that our state governments will have to spend billions to replace all the books, posters, maps, etc. Which means more taxes for you. Also, computer programs will have to changed. That seems like an ENORMOUS EXPENSE just to make a crazy old man feel like he really is god.

[@notzombie3703]

14:26 "Panda!" 😄 "...WITH A GUN TO IT'S HEAD!?"😱⁉️ This is the perfect formula for a viral TikTok audio.

[@pavlov58]

Gulf of America is like Koreans having issues with sea of JAPAN. I think they call it sea of peace? At one point people there were supposedly going to libraries to scrawl over old maps.

[@calebbarnhouse496]

Well yeah, it's very common for disagreements to come about when a name implies on a nation owns something

[@WillemDafuq69]

The only person that decides to be a landlord is the person that does not feel empathy. Sociopaths. I personally could not live with myself to be a property hoarding, property abusing parasite. Seeing only dollar signs when you see a fellow human being who has to be exploited over the crime of "needing shelter." Like healthcare, it needs to be a human right.

[@neilkurzman4907]

I guess we’re going to be eating America fries again

[@joachimschoder]

Well, if Trump actually implements his mass deportation plans the agriculture sector will loose a large part of their workers. So lots of rotting produce ahead.

[@Damianweibler]

Crazy what's goin on in south canada these days

[@Xapi_]

anyone know who the CEO of this company is? just curious.

[@faoltaem]

CEO: Dana Jones Owner: Thoma Bravo (Company)

[@PetalRose450]

​@@faoltaemFollow up question, does anyone know where they are?

[@ToniHinton]

@@PetalRose450 I've read Richardson, TX, a suburb of Dallas.

[@PetalRose450]

@@ToniHinton Damn I was just being silly, I didn't expect an actual answer

[@ToniHinton]

@@PetalRose450 I can't vouch for how accurate that information is, though. I'm sure anyone who had a good and socially useful reason to know would verify it first.

[@kylennpetersen4407]

As a homeowner, i assumed some landlord price increases were due to insurance rising. Cuz my insurance went up 400/mo. But im not being advised by the internet to gouge my tenants...

[@SorceressKana]

It gives me the same ick as "Freedom Fries"....

[@postapocalypticnewsradio]

This is some kind of monster. With many eyes and squirming fingers at the end of their slimy tentacles. Who's greed will find its destruction. But never before the lives around it are irrevocably ruined.

[@JohnnyDoe911]

And people wonder why the housing market suuuucks

[@blitsriderfield4099]

As someone who lives about an hour from the Gulf...I refuse to call it the Gulf of America

[@domesticonion8026]

"Don't worry, the markets will regulate themselves" The markets:

[@Trekyhunter]

It's like voting to give yourself money. Except no one voted for them, just no one is stopping them from being greedy.

[@tucktucktheduck]

Its not just realpage. The operators (who staff leasing agents and set prices) have also been added to the suit. Greystar, cushman, and some others. This is a big deal

[@tw8464]

Excellent work on this! Everyone share this! Constantly

[@ShmuckSchlepp]

Dude this happened with my friend on New Years! His family was going to move to a new apartment for only 10,000 but they jacked the price last minute to 15,000 and now him and his family have to relocate.

[@xdarkwolf2255]

Elon couldn't get us to call twitter by it's new name, I'm sure we're all gonna call it gulf of mexico still

[@HalterWalter4]

Gulf of America doesnt roll of the tongue as nicely but it makes more sense in terms of location

[@Dominated001]

​@@HalterWalter4how? Because its in the american continent? Makes more sense for it to be the gulf of Mexico because its besides mexico

[@mwatercress]

They would not be able to raise the rent if there wasn't a housing shortage. The program only identifies the shortage and the price elasticity of demand. BUILD MORE HOUSING

[@xrcassassin3544]

There is no housing shortage dude. There is an AFFORDABLE housing shortage. That's it. Every apartment complex here in Kansas City has a dozen vacancies and in some neighborhoods almost every other house is for sale. All of them are asking over 400k for a 2 bedroom 2 bath unless you want to live in Independence Missouri which back in the early 2000s was literally the meth production capitol of the entire planet.

[@mwatercress]

@@xrcassassin3544 The crisis is worst when it comes to affordable housing. Much of the problem is a direct result of counterproductive government regulations. Restrictive zoning which traces its root directly back to government enabled racism plays a huge role. Government price controls also contribute to the problem as they discourage investment in naturally affordable rental housing. That leave the government to become the housing provider of last resort, and we have seen how that works out in Santa Monica CA . the city is building homeless housing on city owned land and it is costing almost $1,000,000 per unit not counting the land value. NYC has one of the largest portfolio of public housing in the world and NYCHA struggles to maintain minimal habitability out of rental revenue., If greed is the problem, pool resources to add inventory to the market and you will drive rents down. Texas has seen massive growth as Californians are moving there . Texas has strong property rights protections AND the rents in Austin are declining because investors built more housing.

[@ocen]

i'm sure changing the name of the gulf of mexico will DRASTICALLY lower the price of eggs

[@VariablePenguin]

When has anyone ever seen a rent decrease?

[@austinmoe4865]

By far, the worst implementation of technology is algorithms that calculate how much should be charged for rent. The people behind them literally cite the huge profits that result from them being from 'removing human empathy from the equation.'

[@SuperLiar101]

I remember our leasing agent telling us rent increased every year and when I asked why they said because nearby properties increased their prices so this is new “market value”. Mind you the apartments claimed to be income based yet my income never went up but my rent did

[@Rpanda25]

"The federal government has been suing you for the past 3 years." Well, expect that to change real soon when the convict takes office.

[@adams3560]

Indeed. Imagine electing a criminal president. The USA has really fallen. :(

[@DawnCutaia]

It’s price fixing. It’s absolutely anti-competition.

[@naps_878]

sacrificing morals for more monetary gain here, eh? ah, the american dream. /sarc

[@gsst6389]

When our parents said that you needed to sacrifise, you do need to sacrifise wether it be of yourself or ethically 😂

[@TheJtyork420]

How many times have they recomended increases compared to decreases?

[@samkeiser9776]

“The gulf of X” ah decision

[@MustraOrdo]

Now that's quality trolling

[@dirtydeeds4free553]

Increasing rent based on what other people charge is half of supply and demand. Also, yes if you are paying 3 grand, 90% its not worth it, move

[@MagyarGaben]

After the renaming, will they also remove the yellowish-orange filter?

[@fedoraguy6774]

Yeah Trump said he’ll do that too

[@horstnietzsche1923]

Homes should not be businesses or investments for financial institutions.

[@franciscoalvarezhigareda2740]

Capitalism at its worst: it's heinous to think someone is making bank on a business model that makes something as essential as housing unattainable for more & more people who depend on working shifts to afford their housing.

[@MrJerks93]

It's happening in every industry. Instead of people trying to price collectively, these "advisors" basically collude using Big Data so maximize profits at the expense of the consumer.

[@theclassypineapple]

I thought the title said "one company's software is driving up fent"

[@MustraOrdo]

What's the difference at this point?

[@blaketucker9070]

I've never seen rent decrease

[@therealgooseman2358]

Rent decreases don't happen

[@realBeltalowda]

FORTY SIX PERCENT IN AUSTIN?! WTF?

[@Bogeybro29]

Does changing the name of the gulf even matter

[@buuuuuuuuuu]

It does for Trump

[@Four_Dabloons]

It’s just him being a toddler

[@ZT1ST]

It is going to make addresses in the Gulf of Mexico very hard to deliver to.

[@charlottefletcher]

Just like Elon changed twitter to x, most people would still call it the Gulf of Mexico. News outlets would call it the Gulf of America (formerly know as the Gulf of Mexico). Hopefully it doesn’t happen at all since it’s a truly stupid idea.

[@LizzieShiro]

Can we… can we even do that?

[@theoriginaltoast420]

The "ugh" at the beginning lined up perfectly with my "ugh" at the end. 😒

[@gregor2436]

Hm, maybe, maybe, we should consider building up our military in Europe. We might need it against the us.

[@theawecat27]

idk, trump isn't always doing great playing nice with military. they might not listen if it comes to that and i doubt he has very good military strategy

[@Rounderyathecruel]

The US could crush any military in the world. Easily.

[@nicoracien1924]

Collusion is a tolerated crime

[@macrocosm2778]

God everything sucks so badly

[@EricS123]

Video has an incorrect date stamp

[@eyezak_m]

Lol 2024 instead of 2025

[@MrGray56]

A lot of rental companies are facing these lawsuits. Yardi is a HUGE one in the Tristate area

[@harveylong5878]

cant wait to see how our complex's owners try to figure out how to shift the blame,weasel out of liability. they use Yardi for everything

[@gg3675]

Price fixing to decrease a price is also a monopolization tactic that anti-trust laws forbid. Not a great defense

[@Unifather1033]

love how they didn't feel the need to make a whole short about it so they just tacked it at the end

[@lowkeylokii4205]

He's really going full putin

[@lexecomplexe4083]

They own or operate literally 98% of all rental properties in Seattle and its fucjing horrible and infuriating