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Chicago’s rental crisis: Is an algorithm rigging the system?
Published 1 year, 5 months ago
Description
Landlords in the Chicago area are using real estate software made by RealPage, a tech company that may be engaging in an illegal price-fixing scheme to drive up rents, according to an antitrust lawsuit filed by the U.S. Department of Justice and a class-action lawsuit filed by 12 former tenants.
The company’s own report in May confirms that their rent-pricing algorithm is used in metro Chicago.
Good morning, Amy. Good morning, Andjela.
HOST: DIXON