Let me guess what's gonna happen. There will be a judgement against RealPage, the US being the only country in the world where commercial law is decided with trial by jury virtually guarantees it.
Then rents will start rising even more. Landlords will be willing to do price discovery the old fashioned way, offering it with a high rent and letting the unit stay vacant until someone pays it.
The cat's out of the bag. Now that people understand how much the market will bear with the present shortage of homes, rents are never going to go down.
If RealPage has caused a rise in prices, it's because it showed old assumptions are wrong. Nothing short of mass brainwashing could bring them back. I guess acting against the housing shortage could also solve the issue, but let's be honest, that's never going to happen.
Then rents will start rising even more. Landlords will be willing to do price discovery the old fashioned way, offering it with a high rent and letting the unit stay vacant until someone pays it.
The cat's out of the bag. Now that people understand how much the market will bear with the present shortage of homes, rents are never going to go down.
If RealPage has caused a rise in prices, it's because it showed old assumptions are wrong. Nothing short of mass brainwashing could bring them back. I guess acting against the housing shortage could also solve the issue, but let's be honest, that's never going to happen.