RealPage and landlords illegally created a 'cartel' to set prices, lawsuit says(seattletimes.com)
seattletimes.com
RealPage and landlords illegally created a 'cartel' to set prices, lawsuit says
https://www.seattletimes.com/business/real-estate/seattle-landlords-accused-of-conspiring-to-raise-apartment-rents/
> Vacancy rates and other details about rental properties have long been “closely held secrets in the industry because people are competing,” Flynn said. His group has avoided collecting rent data from its members for fear of appearing to fix prices, he said.
Isn’t the sharing of information like this exactly what you want for healthy competition? Information asymmetry is not a good thing for the market, it’s just a good thing for a participant in the market. You want vacancy rates to be known, so prices are competing closer to their “true” value instead of the estimated/guessed.
What the fuck is this shit