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Data shows AI algorithm added about $132 to monthly rent in 2023. (www.wfaa.com)

submitted 2 days ago by btaf45@lemmy.world to c/usa@midwest.social

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More states join lawsuit against North Texas-based RealPage, accused of artificially inflating housing costs

Data from the White House Council of Economic Advisors released last year showed the use of RealPage's algorithm added about $132 to monthly rent in 2023.

Washington State joined with more than a dozen states, accusing landlords of colluding to inflate rents through price-fixing, Washington's Attorney General Nick Brown said last month.

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[–] SuiXi3D@fedia.io 1 points 2 days ago

Between 2022 and 2023, my apartment in Austin went up about $300. My wife and I moved to another apartment and we've got more space and a garage for $200 less than we were paying before that increase, just a couple of miles down the road.