the use of this software prevented landlords from courting would-be renters through the use of different discounts, said the lawsuit. For instance, landlords sometimes offer move-in deals or compete on prices but the use of Yardi’s algorithmic pricing tool disrupted that practice, claimed the attorneys.
Like I mentioned in another comment, I can see how this kind of thing could make some difference in pricing by avoiding giving renters deals that wouldn’t have actually been necessary to secure a lease. That’s very far from being evidence that supply and demand doesn’t even apply and the market price is dictated by fiat, which is an absurd conspiracy theory.
https://www.wsj.com/real-estate/commercial/thanks-to-big-data-landlords-know-how-to-squeeze-the-most-out-of-renters-eb7e5f02
https://www.housingwire.com/articles/yardis-rent-setting-software-illegally-drove-rent-prices-up-for-millions-of-renters-lawsuit/
Like I mentioned in another comment, I can see how this kind of thing could make some difference in pricing by avoiding giving renters deals that wouldn’t have actually been necessary to secure a lease. That’s very far from being evidence that supply and demand doesn’t even apply and the market price is dictated by fiat, which is an absurd conspiracy theory.