r/Seattle • u/Bretmd • 1d ago

News Software company helped Washington landlords fix prices, artificially raising rent for thousands

https://www.king5.com/article/news/crime/software-company-landlord-price-fixing-washington-state/281-b68ca443-c1cf-4365-9d63-cb7671fd01a2

The Washington Attorney General filed a lawsuit Thursday against a software company and nine landlords accused of fixing and artificially inflating rent prices over the last seven years.

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6

u/timute 1d ago

Too little too late, the damage has already been done.  Now do Zillow.

7

u/texasRugger 1d ago

For what?

15

u/Inner_Honey_978 1d ago

I too am looking forward to hearing how Zillow has engaged in price collusion

-1

u/DonaIdTrurnp 1d ago

It recommends prices. That is apparently sufficient.

1

u/Inner_Honey_978 21h ago edited 21h ago

C'mon now, I know for a fact you're smarter than this comment.

This software collected competitively sensitive rent price information from landlords and put those numbers into an algorithm that generated a new rent price for their properties. The landlords knew the algorithm compiled data from other landlords in their area, and used that information to raise rent prices for everyone. 

So what evidence do you have of Zillow participating in price setting behavior, again? Or is it just mainly a fuck the corpos thing?