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Comment: RealPage apartment algorithm antitrust case, moving forward in Tennessee, foreshadows US regulatory scrutiny

By Mike Swift and Khushita Vasant ( May 26, 2023, 22:24 GMT | Comment) -- US apartment landlords who once lived by the dictum “heads in beds,” deciding to charge lower rents rather than allowing apartments to stand vacant during times of slack demand, are instead joining an illegal cartel with artificial intelligence at its center, according to more than 30 antitrust lawsuits against a Texas company called RealPage. But if the plaintiffs' bar got off the blocks first in confronting what those suits call “coordinated algorithmic pricing," US antitrust regulators may not be far behind.US apartment landlords once lived by the dictum “heads in beds,” reflecting the belief that in periods of slack demand, property managers should rent apartments at a lower rent rather than carry vacancies while waiting for tenants willing to pay higher rents....

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