{"id":24040,"date":"2023-11-19T07:27:26","date_gmt":"2023-11-19T06:27:26","guid":{"rendered":"https:\/\/www.graviton.at\/letterswaplibrary\/how-are-apartment-prices-determined-they-change-daily-if-not-more-often-i-suppose-its-somewhat-like-stock-prices-but-those-algorithms-or-whatever-have-been-set-in-stone-for-like-150-years\/"},"modified":"2023-11-19T07:27:26","modified_gmt":"2023-11-19T06:27:26","slug":"how-are-apartment-prices-determined-they-change-daily-if-not-more-often-i-suppose-its-somewhat-like-stock-prices-but-those-algorithms-or-whatever-have-been-set-in-stone-for-like-150-years","status":"publish","type":"post","link":"https:\/\/www.graviton.at\/letterswaplibrary\/how-are-apartment-prices-determined-they-change-daily-if-not-more-often-i-suppose-its-somewhat-like-stock-prices-but-those-algorithms-or-whatever-have-been-set-in-stone-for-like-150-years\/","title":{"rendered":"How Are Apartment Prices Determined? They Change Daily, If Not More Often. I Suppose It’s Somewhat Like Stock Prices. But Those Algorithms Or Whatever Have Been Set In Stone For Like 150 Years."},"content":{"rendered":"

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If apartment community XYZ has 5 units left of floor plan A1, and 3 are leased, there are only 2 A1’s left, and the price goes up 20% (for example).
Who determined this beforehand? And if the algorithm\/whatever decision making exists for all these apartment communities, how is that not price fixing? There are only 3-4 data companies who handle the entirety of this data from what I can find online.
I’m curious because Realpage has a big lawsuit against them (link here) (another link here). But if there are only 2-3 other companies who handle the same data, it can’t be much different from how these prices are determined.<\/p>\n<\/div>\n

submitted by \/u\/fl135790135790 <\/a>
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