this post was submitted on 07 Dec 2024
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291
Landlords Are Using AI to Raise Rents—and Cities Are Starting to Push Back (gizmodo.com)
submitted 1 week ago by [email protected] to c/[email protected]
23 comments fedilink hide all child comments
 

cross-posted from: https://lemmit.online/post/4604618

This is an automated archive made by the Lemmit Bot.

The original was posted on /r/technology by /u/chrisdh79 on 2024-12-07 16:55:13+00:00.

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[–] [email protected] 1 points 1 week ago* (last edited 1 week ago) (1 children)

Are you sure they are the companies owning the homes? They look like realtors to me.

I have heard of rental funds buying up real estate but I think this is still a relatively small portion of the market with a relatively large number of players such as these

[–] [email protected] 1 points 1 week ago (1 children)

thanks for the tip. the number would seem to sit at 40% dominance by urban landlords.
i would think that the housing market, affects the rental market. but not always. apart from homebuyers that get priced out and have to re-enter the rental market.

[–] [email protected] 1 points 1 week ago

I'm not sure what that means, but if the link I gave was correct and the biggest one has ~85,000 homes, that's only 0.1% of the total US single family housing market of 82 million single family homes. That would indicate that there would be thousands of landlords in most areas, meaning that collusion between them would require a sophisticated networked system between them.