“Never before have we seen these numbers,” said Jay Parsons, a vice president of RealPage, as conventiongoers wandered by. Apartment rents had recently shot up by as much as 14.5%, he said in a video touting the company’s services. Turning to his colleague, Parsons asked: What role had the software played?
“I think it’s driving it, quite honestly,” answered Andrew Bowen, another RealPage executive. “As a property manager, very few of us would be willing to actually raise rents double digits within a single month by doing it manually.”
The celebratory remarks were more than swagger. For years, RealPage has sold software that uses data analytics to suggest daily prices for open units. Property managers across the United States have gushed about how the company’s algorithm boosts profits.
“The beauty of YieldStar is that it pushes you to go places that you wouldn’t have gone if you weren’t using it,” said Kortney Balas, director of revenue management at JVM Realty, referring to RealPage’s software in a testimonial video on the company’s website.
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I mean feudalism, kind of, especially in it's worst forms in like Russia and Poland.
"Give me everything you produce except only what you need to survive at the barest level. And if you don't I'll brutalize and maybe even kill you".
Victorian Era Europe, maybe. Literally can't get land at any price, as the aristocracy has fully monopolized real estate. People are doing adventurism to steal land a continent or more away, because new real estate is so highly coveted.
or like my czech family back then, running off to the mountains and killing tax men that show up with all the other villagers and building their own house on illegally occupied land
:based-department:
Latin America. The landowners have even more power than they do in the US in some countries.